Added mediocre photoshop coloring due to impatience...
Nice work, but the neck looks a bit funny, left shoulder could use some refining and the chin kinda reminds me to Balchinians, an alien rase from Men In Black that has balls attached to its chin. And, yeah, you should re-color it. Not bad, though.
I think the problem with the neck is the head needs to sit a little higher, and the neck needs to connect a little lower on the skull closer to the jaw.
He's fun though, reminds me of a mean mother version of the 'Noid. He should be able to emit the faint smell of various pork products at will. You know, to attract his prey.
@ Pilgrim: Awesome idea! i will implement that one right away.
and you're right about the Head and neck! I tend to exaggerate on the neck a lot of times...
right now i am working on something else, but i will come back to this in a couple of days.
thanks a bunch!