Pawidge: I'm not sure about the head on the skeleton, but the tiny sprite version is awesome. On the beholder battle image, I think the shadow color could be lighter. Then again, maybe we just need to see these things on some nice backgrounds??? Your drake is probably the best. Nice texturing. The vampire is also very slick, and the small sprite resembles it very well. I prefer the animated small beholder type monster to the large one.. maybe it's the warmer coloring.
pixel32, your character has too many colors. It should be 3 colors + 1 transparent. It's a good design, though.