If I had to pick a favourite character from MLP, it would be Princess Celestia :)
So, this is just a random experiment I used to help push my Photoshop skills a little further. I mixed and matched styles a little, straying from the traditional MLP style (because I suck at that) and trying to go for something more semi-realistic. Styles that inspired this include the style used in 'The Last Unicorn' and Kagaya's unique cosmic style.
Hope you guys like it! Feel free to critique as well, (it'll help me improve).