He looks a little "windswept" in his forelegs, what your friends are calling knock kneed. I would keep him in a very small enclosure or stall for the first week and see how much he straightens out. He's not looking that bad and I bet he straightens up just fine. The reason for keeping him contained is so he can't do injury to his joints while his legs are at wonky angles, putting pressure where he normally wouldn't. I had a windswept colt who was so bad I freaked when he first stood up and he straightened out after a couple of months. Your colt isn't totally unfolded yet, so until he's still crooked after 1 week, I wouldn't worry too much. I would have the vet out to pull an IgG on the foal, so you know you got his antibodies from mom's colostrum. She's poor enough that I'd be concerned about that.