Model & UVs: roughly 4 hours
Textures: about 2 hours
Rig/Pose/Comp: 2 or 3 hours
This was a cool experience, as I was trying to mimic Scott C's brilliantly simple watercolor work, but all within Photoshop. I'd say it turned out fairly well using NKS3 for CS5-- a series of tool presets that mimic traditional media.
I might re-rig him at some point (this was just bound to a basic skeleton for posing), as my co-worker expressed some interest in animating this dude. That'd be cool to see!
Anyway, hope you enjoy!