Snake hit most of the things I noticed, but here are a few more:
Width of the mouth and lack of any lips is making me think it's a man, baby!
The underwear is bright white, and making it look like the crotch is protruding out, reinforcing the above statement.
The glints of light reflected in the eyes are perhaps a bit too big, and the pupils aren't dark enough. A bit more contrast in there would bring her to life more.
The shading on the hair is kind of confusing, especially the brightest bit. Some more highlights on the hair could be nice as well.
The ankles don't really match, size-wise.
The hand dropping the purse is a bit flat looking. Maybe add some more overlap on the fingers, especially the thumb.
The design of the dress is IMO, very ugly. An image search for "victorian dress" found some dress designs that I think would work very well on her.
The biggest problem by far is the lack of any torso, it looks more bizarre the longer I look at it--It looks like she's got legs growing out of her ribcage.
Well, that's all I've got so far. Also note, as usual, that I'm only being so nit-picky because I like what you've got so far, I just want to see you take it further!
