Painting: When looking at the figure, the faceplate reminded me of Cobra Commander and I thought it would make for an interesting color scheme. The armor is light-medium blue (VGC Imperial Blue, Magic Blue, AP Dark Tone Ink), with black accessories (VGC Coal Black) and a standard silver-bladed sword (VGC Chainmail Silver, AP Dark Tone Ink). The shield also has red (VGC Gory Red, AP Red Tone Ink) as a homage to the Cobra symbol. The base is a medium gray (VGC Cold Grey, AP Dark Tone Ink), in keeping with the character's cool tones.
Conclusion: Not an amazing figure, but it was quick and fun to paint. I think the paint scheme turned out well, and should be similar enough for most gamers to recognize the inspiration (if they grew up in the 80s, anyway!).