It looks great, but I think I give some things you may want to add.
- A Grunge Background behind. Add something to give the background a little more texture than a picture with a filter.
- Try Moving the Character to a far side of center, also if you want to make him look like he is sitting, try putting him in that kind of pose. It is probably hard without a good program, but I can make a sitting pose for you if you want?
- Maybe some border kind of border. I think borders on avatars look good, but that is just my opinion.
- Try to inline the torch/light source to the players hand.
- Finally create a layer to give the light source a bigger effect. Add something like this where the middle of the lightsource is at the same point on the picture.
Other than these things I think it looks great. (I love the font and shading on the font.)
- Please note, these are things to make it look better in my opinion, don't take them as criticism and don't follow everything I said. It is just what I think.