It's hard to see what's going on, so without other knowledge I might believe it's some glass sphere with some weird reflections. Nice idea though, so I guess the execution needs to be worked a bit more.
love this picture, I came across a similar one, but I think this one may be a little bit better just for the fact that it seems to have a little more motion in it. Very nice.
I feel like this same shot could have been adjusted to be much more effective; there's alot of potential here. I wish the base were truly squared up, it's slightly lopsided and that bugs me. The purity and aggresiveness of the overall red background seems to be working against the motion you're trying to depict.