I almost wish you had taken it about 10-15 minutes sooner so the sun would have been just a little higher in the sky and been all there on the first set of waves. With the dappled light it kind of ruins it for me. I always feel the same way in portraits though, so I might be coming at it from that view point.
I also wonder what the foreground would have looked like if you pulled shadows or increased exposure to be a little bit higher, but not quite high enough to make the mid ground exposure. So you would then have dark on top, light mid ground and maybe 1/2 lower light in the foreground. I hope I am explaining that well enough to explain what I am thinking.