As usual, tfox and I have the same thoughts when it comes to most people's form...

After working three back-to-back 12-hour days at the Bass Pro Fall Classic at their heaquarters offering technical advice and fitting bows, I found your "look" to actually be very common.

I tell people I like to see solid bone-on-bone contact between the release hand and the jawbone; it's hard to anchor in a consistent, repeatable fashion when you're floating in air. Work on bottoming out that front shoulder, too... and as Todd said, that MAY help take up some of the length in your draw, but I too doubt it will account for all of it.

It also looks as though you're having to tilt your head forward to see through your peep; make your bow fit you, not the other way around. You want your head centered over your shoulders. Of course, things may change on your bow settings-wise if you start working on your form, but keep this in mind for later...