For some reason, I'm reading it as a creepy lollipop-face man, wearing a monkey head to cover his crotch. Maybe I'm just an idiot, though...

The monkey's legs, too...would they bend like that? Even if they could, why is he just flapping them around everywhere? I think it'd be better if you kept the legs relatively motionless compared to his arms...he should just be using them for balance, right? The tail not bouncing is making it harder to read as a tail instead of a head, too, but I understand this isn't finished!
Looking forward to seeing what you do with this guy, though. You're one of my favorite artists on here, so I'm sure I'll end up loving the finished product. And he is a cute character! =D