Yeah, it's a dong. The rule changes were meant to enhance safety by lowering the noses to keep the cars from flipping during an accident and while these noses have passed crash tests mandated by the FIA, are they really any safer? The penis shapes are long and odd shaped and to me look far more dangerous than noses from previous years.
The Toro Rosso is by far the worst in my opinion. At least so far. The way the nose abruptly changes from a pre-2014 design into the dick is just shocking.
Aside from the clearly Ugly nature of these new noses, it seems to me these would be much more dangerous in a situation where the nose lifts a bit (like over a curb) and it sends the car straight into another car. Seems like it would much more easily penetrate a side pod or such and go into the drivers compartment. Also more likely to get knocked off during tight passes and such too.
I'm kind of wondering if there might be an emergency rule change to get rid of these things, even before the start of the season.
That said, just adding the stripes onto the Sauber's nose make it look a whole lot better than it would otherwise. The Toro Rosso looks awful bacause they haven't even tried to incorporate it with the rest of the livery.
Blacking out certain parts of the aero could do the looks of these cars a whole world of good too, as this render of the McLaren shows.