I like +1 Dex +1 Wis translated to +2 Dex +2 Wis with no other bonuses for the elf. The biggest issue comes down to how we setup Khinasi, but I don’t think it will affect matters that Greatly.
Racial Abilities
Darkvision becomes Low Light
Meditate like Eldarin
Light Step as a feat
Racial Encounter power - I am thinking maybe something like what the gnome has, the ability to dissapear for a turn.