Does this make sense?

http://www.youtube.com/watch?v=k9tkU4bceY4&list=UUFnSvrlN0NO3NL3rPhlr0PQ&index=1&feature=plcp

Does my pickin' the video above make sense, musically? I used a frailing tab and tried to pick it out thumb lead style. The video is short and my speed isn't consistent, etc. but I don't want to go further if it doesn't sound like I'm heading in the right direction.

Thanks folks.