I don't like it at all. Here's why:
1. After 3 moves, you have no pawns in the center, only one piece developed, and no other pieces even ready to be developed, other than the knights.
2. You've already given your opponent a good idea of where your king is going to be, since you've pretty much ruled out castling queenside. This is good information for your opponent to have.
3. You've essentially squandered your first-move opportunity. You'll have to settle for no better than equality out of the opening. Equality is a good thing if you're Black, but not if you're White.