I'm gonna bet that the tires will blow first.
The tires are sideways and upon contact with the runway, the tire will peel away from the rim.
Some months back there was a pic of an A320 with the same problem that landed somewhere (can't remember). It was on the-mechanic.com. Supposedly a key or pin wasn't installed correctly and the wheels ended up 90 degrees out.
Peeled the tires, ate the wheels (or most of them) and ended up fine (in that case).
You could be right. Because the nose gear has to be able to rotate freely for getting towed, I would suspect this was caused by a break in the linkage that locks the nose gear forward for taxiing. If that linkage is broken, than the gear can probably swivel freely. The question will be whether or not the tires will hang on to allow the gear to pivot correctly before they peel off the wheels.