Seems this board is a little dead on comments lately...
I think it helps a lot to see these items on the character, by itself the armor just looks like random renders of part of a bigger thing, on the character it is easier to comment because I can see where your vision is going with it...
Anyways I like the look of the character, the most glaring negative would be that the shoulder joint and the elbow you might want paint the weights a little better. Also the bottom of the neck/top of the chest (clavicle bones) looks too defined, however this might be the way the shadow is casting.
Skinning is always a bitch and I am not a pro at it, but that is really the spot I think needs some more work.
I think you did a good job on the character and the cape looks good too. When she has hair it reminds me of Sophitia from Soul Calibur.
But now that I think of it, you were asking about the armor, not the character... With that in mind I think the armor looks great when rendered on the character, on it's own it is hard to judge.
Will you be animating her too?
