The first draft of the story is about 75% finished. I'm going for a childrens story-style rhyme. Hopefully I'll get it completed by next weekend and post some sort of preview.
Having a good portion of the story done has allowed me to sketch a few rough ideas of how I imagine the main character will look. Although 2D sketches rarely resemble their 3D counterparts.
I'm starting work on the armature this week, too. I don't get much time to lend my hobby so it's going to be slow progress. Still, I'll try to update at least once a week.