Wow, they have come a long way...the pre-alpha version is out, and I puttered around in it for a bit. Still a lot of work to be done but looks promising. The costume creator is really cool.
(They don't have females yet, still working on the animations.) You can download the program zip-file here:
Valiance Online (on the "About" page)
Here is a toon I made, and some screenies