Well Nico is away in Vegas for a few days of R&R, so he prob won't be responding to this thread till he gets back.
I'll throw in my 2 cents though... Nico, you know i'm a nit picker so I hope you don't mind

After play testing the the actual model for awhile this is what i've come up with for suggestions.
1. The blade is too big for a single handed sword. It looks extremely oversized, more in the line of a two handed sword.
It would prob actually work better as a 2 handed sword at the current size.
Your scales was set as 1.1, I reduced it to 0.90 which I think looks better for a single handed blade.
The blade is now more in the line of a kata blade as far as length.
2. The hand position was too high up toward crossguard. I believe the hand should be positioned over the metal piece in the middle of the hilt.
3. The hilt is too long. It would look nicer shorted just a tad bit. This would also provide for better hand placement on the hilt so it wont look so far back.
Also the metal piece clips through the hand if positioned too far forward which makes it so that you have to position the blade more toward the back of the hand.
4. The textures are well done but look a tad bit blurry.
Here are some pics of the edits I made to the .nif reducing the size and repositioning the blade.
http://firingsquad.us/share/Hobbs/ScreenShot14.jpg
http://firingsquad.us/share/Hobbs/ScreenShot13.jpg
http://firingsquad.us/share/Hobbs/ScreenShot12.jpg
http://firingsquad.us/share/Hobbs/ScreenShot15.jpg
http://firingsquad.us/share/Hobbs/ScreenShot19.jpg
PS don't mind the leather piece and two bands on the blade. I just put them there as a filler since they were not completed by Nico in the version I have.