I wish my eye wasn't drawn to the line in the middle, because each side is wonderful. But everything in the composition draws me to the noise. Generous 7 because of just how good everything else is.
To paraphrase you title I would say “What is and could have been”
A good photograph with beautiful reflexions, the timing is spot on. If only this right arm on the left would have fit in the frame! Just a small rotation from a masterpiece.
Hell is in the details.
The boys on the left alone would be a winning image, but it's all lifted into a higher realm of interest when joined by the right hand portion. It's a fanfare of lines, shapes, reflections and mysterious figures. A very fine example of the JJ style.
the boy on the left is the photographer, making bubbles that transform his world. on the right, we see through the boy's eyes, directly into the bubble world.