I think you're right, but you're interpreting “sees” literally I'm not 100% sure of that, because of light aberration (the Terrell-Penrose effect).
I wasn't interpreting "sees" literally, but it wouldn't make much of a difference. Since the observer is in the center of the circle, the light lag is the same everywhere. The only difference is that the circles bordering the bands will look slightly slanted, and the colors will be slightly blue-shifted.
As per a recent comment this thread is meant to voice contrarian opinions, that is anything this community tends not to agree with. Thus I ask you to post your contrarian views and upvote anything you do not agree with based on personal beliefs. Spam and trolling still needs to be downvoted.