Interesting concept but I'd say it's a bit stronger than the other PHB small races.
Fast speed, a slew of skill bonuses and free languages of the player's choice. Compare it to what the halfling gets and it's a no-brainer race for rogue, sorcerer, and bard builds (and all the rest of the charisma casters).
One idea would be to make it +2 to Diplomacy and Linguistics or +2 to Perception and Perform, the variance being racial trait thingeys. I'd say the race would be in the ballpark of the other two small PHB races in that case.