You might want to consider pushing up your background picture, the rock is kind of distracting so you could either push up the entire background or just lower it to completely hide it. It kind of accentuates the negative space you have above your text is what's buggin me.
The lighting on your model seems kind of ruddy or maybe that's just her skin texture, not sure. She's gorgeous and I dig the morph but with the wind blowing to the left, I would think that her magic would be blowing along with it, right?
Is your spell effect on a separate layer? Looks a little too blurred and it's making it look a little flat. Might want to consider laying her hair back down or at least less of a wind effect and check deviantart for some spell effect brushes. There's quite a bit out there, I know I have a crap load from over the years.
Otherwise I like your set up, definitely not squished and it's scaled nicely.
