Ok, enough ‘philosophical’ poo from me. 
Time for reviews!
You guys have really impressed me with your dedication to this thread. I don’t think that I am imagining that the quality of everyone’s work is going up as a result of everyone’s enthusiastic participation. So for those of you who have worked so hard here, thank you. 
yAdam,
Much better. As you can see, your vision and understanding of the figurative ‘puzzle’ as such is much better when you eliminate that pesky factor, Color. I think you will be able to take this piece much further now that you have reduced the image to grayscale. Keep building your lights and darks, and constantly do the equivalent of an artist ‘stepping back’ from the ‘canvas’, and reduce the zoom on your piece so that you can see this as a whole (Ctrl + “-”) and I think that you will begin to see the overall picture much better in terms of values.
jinnseng,
I’m thrilled to see you here after your highly successful run in the Lesson 003 thread! Beautiful start so far, and you know the drill ~ keep working those darks and lights, and start to put in edge contrast ~ some edges which are further away you will want to soften, while some edges which are closer to the viewer you will want to sharpen.
Just keep going with this ~ I would reduce the buttocks in size, extend and shape the arms and hands a bit, and make sure that you establish where the neck and head are in relation to the body by drawing (on a separate layer) the neck and head ~ the head [b]without hair.
[/b]dbclemons,
Good progress so far, but I think that the figure lacks a bit of vitality. I think if you start to add more contrast by darkening the background, and try different brushstrokes on the figure and not use the same all over, you will start to get more of a sense of life to the figure, though your rendering job is quite solid.
I might even suggest saving this version, saving a flattened copy, and trying a more gestural, brushstrokey version over top ~ just as an experiment. I would definitely be interested in your results!
SpiritDreamer,
Thanks for these excellent thoughts. You have really become a valuable member of this community, and I really appreciate all of your thoughtful contributions!
zhuzhu,
Bravo! This is frankly, the best work I have seen of yours so far. Your beautiful linework and sensitively rendered features are lovely, and I would love to see more work of yours done in this style.
I frankly like this drawing MUCH more than even your famous watercolor pieces ~ this drawing is highly expressive and very beautiful. 
Zepyhiri,
Excellent work so far! Regarding the posting of this in the Finished 2D section, absolutely. So long as people don’t just use the Reference here and run away without contributing anything to this thread, then I am fine with posting work done from the Reference provided on this thread this elsewhere as well.
One thing for me which is not helping the picture yet is the background. I think what is lacking right now is a Color Climate ~ Is the image to be warm, or cool? A subtle play of the two? Right now it is unclear what the Color/Value relationship of the background to the foreground is. There are also some perspective problems with the architectural features that would need to be clarified.
However, the figure is beautifully rendered so far, and I love the direction you are taking. So I would just suggest leaving the figure for a bit and trying to integrate the background. I really look forward to your results! 
Danielh68,
Really commendable effort for a relatively short period of time! Might I recommend something? Approach this piece less as an Illustration, and more of a Painting. I think that you will go further with this mentality. Quite often, for those of us with a commercial persuasion (I was trained as an Illustrator, so I know) it is too easy for us to get to a certain point, become satisfied, and quickly finish it off in an Illustrative way so that we are ‘done’ with a piece. But I happen to know that you are a finearty guy under there, so I would love to see where you can go with this piece if you approach it in a different way.
Inept,
Welcome to the forum! Right now, I would say that the head is too big for the body. What I would recommend is to leave your painting for the time being, and go back and refine your drawing to the point where it feels that things are resolved, and proportional. I like the drawing style you are using, but I think you need to go back and check your measurements against the photograph to see where there are problems. I look forward to seeing your new drawing! 
Shaun,
Thank you for your thoughts, and for the silverpoint recommendation! I did not know anyone used this anymore!
An excellent draughtsman to look at for Silverpoint drawings is Filippino Lippi. I have a book of his Silverpoint drawings which I treasure. It’s called The Drawings of Filippino Lippi and His Circle. I bought it from the National Gallery of Art in Washington, DC.
And thank you for the excellent link! :)
Llynna,
Wow, you are doing a great job on this! I think now that you have the approach down pat, you are really feeling confident, and it shows in this new sketch! Great work, and let’s see where it goes! 
*Whew*! That was a mouthful. You guys are doing excellent work! Keep it up!!! :thumbsup:
~Rebeccak