I think it looks awesome!
I generally prefer hair over head-tentacles, even on aliens (though feathers are a great alternative, of whatever color or colors). Personally, I'm a sucker for four- or six- or eight-eyed characters; but if that's
too alien, I would keep the head more or less as-is and go for a more alien body type--something along the same model as the
thri-kreen, say, except more feminine and presumably less insectile.
Antennae are also a handy accentuating touch. (I believe it's possible to make them move independently of their own accord, too--I'm working on something similar with bat-ears at the moment.)