Close...
But not quite.
You get an A+ for aesthetics, and the idea is good, but acutally playing can be a hassle.
You know the pros, here are the cons:
The bobbing around isn't much fun. Neither is accidently clubbing yourself to death. Getting the web to stick to two points is difficult. If you miss your mouth (which is easy), you're going to have to go quite a distance to catch whatever it was. And it actually seems the farther away you move the mouth from the foot, the slower it moves.
Otherwise, awesome.