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You're on the right track.
Gems and enchants. Gems and enchants. EVERYTHING gemmed and enchanted. That will be your biggest upgrade. A scope on the bow as well (unless you get that hard to get drop, or buy a Valanos).
I cry just a little when I see a Sonic Spear or Terrok's Quill that doesn't so much as have savagery on it, much less +35 agi.
You're set on leggings, so go get a Cobrahide leg armor patch for them (unless you know a genorous LW who will craft nethercobra for you).
I prefer the Beast Lord Shoulders for the trap cooldown with your leggings. But whichever shoulders you get first will do. (You'll want that cooldown reduction for fights like Moroes). Similarly, don't just focus on Laughing Skull, but try for the Beast Lord chestpiece as well (although odds are the LSBH will drop first).
I'm not a big fan of your Ogre Slayer band. I would upgrade that the first chance you get.
Your helm is "ok," but you could afford to upgrade it. I'd go for the quest chain to get the Stalkers Helm of Second Sight (and damn the socket bonus, put 3 +AP gems in it), or run Mech for the Beast Lord helm. Once you get your helm settled, grab the Glyph of Ferocity for it from CE.
Look at the pre-raid checklist sticky for a list of enchants you will want (including the Aldor/Scryer shoulder enchants, etc)
You're not too far off. Good luck.

Edited to add: As to your question about overall enchant/gem prices... That's so subjective. It really depends on your server, and even faction. I couldn't hazard a guess really. Some enchants will be relatively cheap, many won't be.

Edited, Dec 22nd 2007 12:59pm by Steelray firstly my armory link - silvastrider
gearing up for KARA now.
the things im gonna replace are : shoulders - with towering mantle of the hunt
chest - with laughing skull battle harness
bracers - with auchenai bracers
the things i MAY replace are: bow - with skyfire hawk bow
leggings - with sunfury legguards OR greaves of
desolation
i would probably use most of the enchants in the pre raid guide.
i would like to know at the end of it all, would my gear be more bm/mm based or surv based.
Also would like to know if im doing anything wrong.
lol also i think my AP sux, think it would work out after gearing up with enchants?
LASTLY, i would like to know relatively how much the enchants would cost in all.
just give me a figure
Thank you, help appreaciated!