The Dropcam HD comes pre-assembled in its aluminum stand, but the entire assembly process takes about a half second and the only tools required are opposable tumbs to pop it in or out of the stand.
The images below show the camera from the front at two different angles to show how it projects through the stand. The base of the stand is broad enough and heavy enough to support the camera at a variety of angles that can be achieved by hinging the portion of the stand where it meets the base.
The next two images show the hockey puck looking Dropcam HD removed from the stand. It is a glossy black plastic disk with the Dropcam logo, camera lens, IR lighting, and status LED on the front, and a USB connector found on what will be the bottom 'side' of the puck.
The back of the Dropcam features an identification sticker, as well as a vent for the speaker. There is also a microphone on the Dropcam, which I believe is found on the bottom of the puck by the USB connection.
The final image in this section shows the fully assembled Dropcam HD from behind. The USB cable comes straight down and can be affixed to the base with a small clip found at the edge. The plastic disk on the base can be rotated to position the cable clip at different locations, which may be useful for different installations or if the camera is hinged backwards/forwards at different angles.