Could very well be functional. The rippling looks to me similar to the rippling and unevenness of the SR-71, which wasn't smooth because a smooth surface would be less stable at speed.
Actually, portions of the SR-71 skin were corrugated, much like the older (and much slower) Ford Tri-Motor, because the high temperatures of Mach 3+ flight caused the skin to expand and contract dramatically throughout the flight profile. This corrugation was actually against the wishes of the aerodynamicists, who would have preferred a smooth surface.