Greast job! VEry clean and precise. I personaly tend to go for softer and more natural hues and less contrast between highlites and shadows, but that is a matter of taste. So still high points for subtle blends.
To Katana_Nagel: the 'girl' is not a girl, it is supposed to be Othar, Isildur's young esquire. I thought everyone knew that... ;-)
I love the color in the cloaks- rich color and very vibrant! Only thing I can really see to take note of is the girl with brown hair- maybe add a little more highlight to it?