I've reworked the Hengeyokai a bit since they're a really crappy LA +1 race. Hengeyokai are now a LA 0 race with the following abilities:

Base Land Speed 30
The ability to shift from hybrid to animal form and back 1+character level times a day.
-2 Wisdom, +2 ability score granted by their hybrid form.
Skill bonus granted by their hybrid form.
Favored Class Wu-Jen

They lose the human form and the Shapeshifter subtype which is more LA specific anyway. The animal form ability is nice, but hardly overpowered. Honestly, they could probably stand to gain a little extra, but I'm leaving it at that for now.