Hi!
Here is my newest artwork. As ever, i´m deeply inspired by Fantasy Art

I have used 3dsmax to model basic pieces that later in Zbrush came to live. I did a lot of Zbrushing in modeling, displacements and texturing (Projection Master is great

). After Zbrush, it all returns to 3dsmax to get the lighting, fur and additional details. It all was rendered with Mental Ray. I had to do a lot of tricks to render without memory crashes! (original image is 2480x3507 at 300dpi)
At last, I merged all the layers in Photoshop and gave him the final light and more and more details.
If you want to see more images of the work in progress I have a thread here at cgtalk that you can reach here:
http://www.cgtalk.com/showthread.php?t=245076&page=1&pp=15
There is a higher resolution image at my website.
Hope you like it!