Honestly if you left it kinked it wouldn't really matter. Those are only the diverter hoses, so they don't really serve a purpose other than it blows the charged air into the intake elbow, before the turbo, when you let off the throttle after you've built boost. You could even just disconnect them and let them vent into the engine bay. You'd have to plug the holes on the intake elbows, though.
Speaking of sound, the AEM kit (which is identical to the K&N kit, except for the filters and the elbows are plastic instead of metal) makes the intake sound AWESOME. You hear the turbo's spool really loud, and you can hear the diverter valves "whoosh" when letting off the throttle. It's sweet! Definitely can make driving even more fun. In addition to this, there really is a power increase.
Stinger owners have said they measured a 0.2 second improvement in 0-60 times with an intake alone. Dyno's consistently show around ~25WHP increase. Of course a tune (ie JB4 or Lap3) make a MUCH bigger increase in power, so may as well do them both! Haha.