I don't really understand the difference. It sounds like you're saying the act of observation entangles you, and the entanglement is the cause of the collapse. It's just adding one more link in the causal chain.
The difference is that there is no special thing called 'collapse'; when you write down the laws of physics, it doesn't exist. It's an emergent phenomenon, and it's not surprising that it happens, although it's very counterintuitive _if_ you are starting in the naive model of treating quantum waves like classical ones.
