It's pretty clear you're referencing IaMP/SWR sprites, which is cool. But you're right; her legs do kind of look like sausages. Try extending them and thinning them out. I recommend looking at Sakuya's sprite as a reference for legs, since hers aren't concealed by a frilly dress :v

Actually really give Sakuya a look. She's doing a similar pose as well if I recall.

The IaMP/SWR spriters used mostly highlight on the leg and then add shadows in the edges/under the dress. Do the same thing with her legs as you have done with her arms.

I can't tell if you've ripped the palette for the dress because I'm not a total nerdy expert on the sprites ;P but for the top half of her dress I recommend adding more difference between darks/lights. Right now most of the shirt is shaded just white and it's not very appealing.

As for the shoes...she kind of looks like she's floating in space. You need to ground her a bit better and thin the legs down as they get to her shoes.
EDIT: reread your blog. Yeah, thinner legs. You do shoes quite well (was browsing your screenshots).

As for the clip, yeah, change the palette. You should only be using two or AT MAXIMUM three colours on it though. I'd say two.

Give adding another shade to her hair a thought. You've only got two colours while her skin has 4, her dress has four and her accessories have 3. Just a bright highlight should do it. It'll make her pop a bit more.

I'm not trying to tear your sprite to shreds or anything, just trying to give you constructive criticism. You're doing well so far. IaMP and SWR has beautiful sprites and it's a good place to start ^^