If this is selective coloring, it seems to work OK here.
My biggest problem with this photo is the composition. Pulling back some to allow the whole trunk in the frame and providing more room at the top might have made for a better photo I think.
The trunk has a creepy feeling to it that I really like - almost like old bones.

To be honest, I'm kind of surprised to find that this used selective coloring. I've seen places that have looked a lot like this to the naked eye, so to me it looks very natural.
Here's my take:
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I rotated the image slightly, cropped, added some slight vignetting, burned the background and the hot spots on the stump, desaturated the leaves, and lessened the yellow/sepia tinting.