I also made a little walk Cycle animation: http://www.youtube.com/watch?v=DAR844sU9Ig
It’s not perfect, especially the clothsim needs to be done better, but its just a little test.
This is looking decent so far.
Are you planning to use this character in a game?
In case of the walk cycle animation I disagree with you. The clothsim is not toooo bad looking, especially if you note that he is not actually walking forward but on the same spot, it’s the walkcycle itself that needs more work. To me it looks as if he is walking like a board. Yeah… but you said it’s just a little test, so it’s pretty decent for a little test.