Pretty great concept, and lots of really cool graphical stuff going on here. The tentacles, of course, are very neat, and the ocean surface looks pretty cool too. The overall atmosphere of the game is pretty fun, with those graphics and with the silly music.
On the comparison to QWOP--I would say there is one major difference, which is that QWOP has simple mechanics that are awkward to control, while this game has very complicated mechanics that are awkward to control. And personally, I probably would prefer to understand what is going on in this game. 😅