Excellent!
Agree with Hatch and SR, the chest movement is awkward; also I don't understand why the right leg AA (ours) moves in a few frames (9-10, 32-33) when the leg itself is still.
I use ImageReady because it is included in Photoshop. It allows to set a different timing to each frame, for instance, so you wouldn't have had to five-plicate some frames... ;-) It's also great if you work with layers. It's also a pain to use...
To me it looks like his left side of his jacket slips down a little with every puff.
If it was breathing, I think the tie would move too.
I ike the rest though.
I think it's odd the way only the right side of the chest expands when he inhales. It looks more like some invisible hand is tugging his lapel. I love this style though; hope you do more of this type of stuff.
EDIT: Oh, and the AA on the hatband seems kinda rough, both here and on the static original.
Decent animation for iaza.com work.
If you want promotion or perhaps graphics gale then gimme a private message.
I may, or may not be able to help your problem.
>.>;
<.<;
Haha, thank you, I might fix the chest later, but the thing about the AA is I made a kinda dumb mistake, I copied the legs when they weren't AA'd. then instead of copy pasting the AA'd leg, I just AA'd them all individually, so it looks like weird, I'll be sure to fix it though. Thanks a lot : D