Sorry, dude. This system is drunk. Part of what balances classes is their access to skills... you've basically given elves a 64 point run of the skills chapter, while a human nets 12 points, assuming an 18 int on both characters.
There seems to be a bit of Elf favoritism here:
Humans get craft, knowledge, and professions, plus languages.
Elves, on the other hand, have a bevy of useful skills, esp the presence of use magic device making things seem a little unbalanced.
This system is not balanced at all.