ElliotOP wrote:
Your #1 problem is lack of reach. Your second biggest problem is posture. The two are interconnected.
To address #1, I'd put the arm pads in the forward position (not the back position like you have in the picture). I'd also mount the arm pads in front of the clamp that attaches the aerobars to the base bar (this will give you even more reach). You might need longer extensions to hit the desired length and keep the shifters in your hand)
I don't think you need to go lower. By increasing reach and slightly angling the bars up, you'll be able to streamline your body, drop your head and shrug your shoulders naturally, improving your posture dramatically (problem #2).
As others said, your helmet sucks.
I dunno. Note that his photo is rotated head down by about 3 degrees. In reality his head is even higher, and his torso even more upright, than that picture looks...unless you rotate it so the bike is level. When you do that, the highest point of his back is entirely below the ear covers of his helmet. Basically everything from his just above his eyebrows is up in the wind.
His seat looks very far rear-ward. The whole fit looks like he's on a road bike. That frame looks too short and tall, instead of long and low for you.
I don't know anything about the Felt and what adjustments can be made (shorter cranks, allowing a higher seat, more reach, undermount, etc). But, I agree with Eric...go see a GOOD fitter, and see what can be done in the short term...and what options you have longer term (smaller felt, or a cervelo).