hmm...
the render is choppy still, try using the wand tool a bit better... i dunno, cut it til it looks perfect, then blend the edges a bit, it'll make it prettier.
and for a background, try to have it match the render, or match in a different sort of way, like, its a fish, so if you had an ocean behind it, it'd look cool, depending on how you did it that is.
Font... ehh... try using something other than the Zelda font for Zelda sigs, there are great fonts out there, its a crime to just use one or two (speaking of which, i need to find more fonts. D
i'll give it a 3/10, which may look bad, but i'd give some of my own work around when i was about as good as you a 1... you're definatly improving.