Yes, it works just fine. The monitor doesn't really care, since it's getting 1024x768 for all it knows. It's a VESA mount monitor so it can be mounted either way.
The touchscreen part is built in (it's an Elo touchscreen), but we had to buy a $120 driver for OS X that'd be free for Win!! I guess we're being punished for trying to push the envelope of the Mac market into manufacturing support.
The issue seems to be OS X's desire to change the res upon startup, even though it is set correctly to the 90° rotation...it's just small.