Hey, this is really coming along. I wonder if the contrast could be increased a little, and would like to see what the design looks like with different fonts and palettes. One other thing that might need to change is the arm positions on the figure. Is there any way to get her arms into the shape of a "V" like in this link, maybe coming from under the wave, or out of it? She could be the feature of the logo.
http://www.pilatescentercr.com/rise.html This would also work as a recognizable Pilates image, and looks similar to what you have:
http://www.springerimages.com/Images/MedicineAndPublicHealth/1-10.1007_s12178-007-9004-1-2Thank you!!!