Very nice piece of work...
...though I disagree with your opinion on the series. I actually enjoy them more now (despite Germaine becoming a "sex symbol"). The old formula of just Foamy endlessly bitching about society got really old really fast and the new "direction" is a refreshing change of pace.
I really like the interaction with other characters, the more dynamic animation style, and the minor reduction in Foamy's "frame popping" and drifting from the older flashes. Personally, I think the series is doing better. After all, I'm not looking for moral highs or decency when I watch Foamy (or come to Newgrounds, for that matter), I just want to see some decently drawn and animated crude humor.
No matter what I say, your opinion is yours and I can't change that. You expressed it wonderfully (much better than some of the other anti-foamy stuff posted here) with a great atmosphere, rather smooth animation, and what I think is fitting background music. My only gripe? You left out his nose!