no . . . the picture shows ike having impure thoughts about a young boy that he has rendered unconcious .
Oh...ok. So that was the interpretation...uh...possible.
What can't you see behind Bowser's leg, you say?
Well, lets just say Mario's putting his plumbing prowess to good use

A tail...just like in the Super Mario 64. Although Brawl's designs don't give Bowser much of a tail.
But speaking of Super Mario 64, this really makes me want to play it again. Regretfully, I never played much of it when I had it.
Yeah, I miss throwing Bowser into a bomb...admittedly. It was dizzying to chase Bowser's tail though...hahaha