THe first picture is what Spyro will look like in the game.The second is just an awesome drawing that I thought was a better concept for a new Spyro. Also I love the orignal Playstation Spyro look.
Man, Spyro looks too gnarly now. I likes his older looks over this...but really, I just hope this is the saving grace of the series. I honestly don't see why people hate on Spyro so much. I love his games and the characters, which I can boast to far more than Crash Bandicoot. They are fresh and still have plenty of potential; as for the games--all of them--they are meant to be enjoyable, but the negative sides of them have been taken on by the players, and those views have passed down to the newer gen. Hence the abundant distaste toward my favorite purple dragon.
May you be wrong about this being the "nail in the coffin" for Spyro.