Yep.. :)
At about the 2 min mark in the video you posted, there is a brief description of both magnets' pole orientations. Both the attraction magnet and levitating magnet begin with their north poles perpendicular to the axis of rotation. So, perhaps as long the levitating magnet has rotational balance, the shape of the magnet doesn't matter?
The video posted is excellent and the presenters do a good job of describing this.
Thanks, and the OP, for posting! Very interesting!!