I think it looks good! Looks much better than the last...the edges look a bit thick, but I think once textures are added it won't look as apparent and perhaps it will look better that way. Lookin fantastic bullet, keep it going man!
Oh, and how many lights do you have set up in your scene... I have the darndest time getting a good lighting and soft shadows set up in a scene. The pic even has a neat fuzzy effect to it.