I like it better than the first, but I would have to say that the lighting is kinda odd. And since you got it off a screenshot, I would suggest clonestamping out the darkhelmet tag. Also lighten up the text I was straining to read it as well. Maybe a different colour or but a glow or drop shadow to it, but that is me, I have bad eyesight. Over all not bad.
Hmmm... The overall look of your sig is very dark. It's very dull in that same sense. use some gradient maps and photofilters on screen to fix that (a possibility, I mean). Your light could use more variation and vibrancy. Try making it more of an orange shine rather than an orange dull-out. You should try bringing out the stock more as well--the dodge tool and lasso tool for this is a very good way to do it. This will also add depth and perception to the sig too. Apply the image (image>apply image) and sharpen things like the orb the E.M. is holding and his face too. This will create the "pop-out" feel, promoting great depth. And the typo could use some work too. Cut it, I think it'd be better without it.
In your new signature, I am able to read the watermarking, but not the text you wrote out. You should probably use a different/brighter color for it. As for the watermarking, I suggest trying over again with a new stock. I attained this for you, feel free to use it: http://i157.photobucket.com/albums/t79/Roxllen/demonslayer_kylestock.png The moon is a good idea. But it should make everything in the picture more brighter, not the top right corner filled with a transparent white. And adding a border line never hurts. ^^
Thanks! I will use the stock you gave me and I will make it better! EDIT: Here is the new version that I made with the stock you gave me.