Woot! Phyla! She is/was an awesome character (is she still dead? I lose track...) Cool to see a manip of her here.
Nice work on her too. Nitpicky critique warning...
I think you got the latexy look down pretty well. Nice bright colours. I like the eye as well. Also, really, really good work on the wrinkles in the cape, though the back part looks perhaps a bit flat. Ditto her hair; needs more contrast. I'm not a huge fan of the zigzaggy highlights; they don't quite blend in with the rest of the image enough to give the impression of wrinkles imo. The bracer also sticks out, due to being far more photorealistic than the rest of the costume (presumably you sourced it form somewhere).
Still a very nice piece overall.