Some Critique, Please.

[ClubbyBear]

the new sprite which i assume it's the biggest one, is too darkk ans contrast-less. If you see it without any zoom, it's hard to see where the facial features are, or even how the clothes are supporsed to look like. Literally, it looks like a dark silhouette of a bear here

liven up the colors a little and increase contrast to make it more readable.

The reason for this is because the sprite is going to be scaled up ingame; I'll add more contrast if you think it'd still need it, though.

Perhaps you should've put the old sprites on a separate picture to emphasize which sprite you want critique on. (I figured it was the rightmost sprite only, but clearly it wasn't all that evident.)

Paladin is right about pillow shading; it should be avoided at all costs. http://www.pixeljoint.com/pixelart/83718.htm
This is the only good example I could find, but generally, the thing that you should aim for to make it 'teddy-like' is to make the stitch lines noticeable, give it a round, soft outline all around (limbs, ears, torso) and cute, doll-like eyes. Your shading, especially on the ears, does not properly reflect the light source. Your colors are too desaturated, IMO, and you could probably drop a shade or two.

EDIT: What Gors said

I'm working on de-pillowing it atm, and for now the light source will be directly infront or in the upper-right. I'll attempt to make the design more accurate, though.

EDIT: Update on shading.