Good work, Waffle! Like the transparency of the banner in the 2nd version (dogs of war) Maybe soften the camo on hand? I read the elbow, but expect to find a hand at the bottom. Like the softer banner lines and the font breaking free, too.
Gorgeous dude, what's the font called? I see what do50 means, the hand seems like it should be where the forearm starts (to me), and the elbow should be where the banner starts. Doesn't really matter, still looks increadable and I'm just nitpicking. I was just a little curious though, what's that big curved stroke about a half-inch above the G and S?, if I knew what it was I'm sure I wouldn't find it slighly distracting. The faded bird and helecopter look really good though.
The render was a little dodgy, I have to say. He's holding a rifle and running, so thats why his arm looks a little funny. The "swirl" thingy is the other rotor of a crashed black hawk from another render that I lopped off, and moved to look like more of a crash. Cheers @ all for the comments. For the font, go to google, type in "Grunge" and its the first site that comes up - grungefonts.8m.com I believe.