This is going to take some serious work to get looking decent but...
I made something similar a while back and submitted it to PJ, and i got comments saying they thought it was 2 colors and so I wanted to try that now...

2 colors, no transperency
I dunno if i should keep black on red or goto red and darker red or what but...any help/c&c would be appreciated.
heh, I guess this is good, since I needed to brush up on my dithering...