Congratulations to munnkie for being the winner of Rooster Teeth's Velvet design contest!
This was announced on the first RWBY production video, which can be viewed here: roosterteeth.com/archive/?id=8…
(Note: Might need an account to view) This is a very cool video to watch because this is the behind the scenes of their development of season two.
Also, I would like to quickly feature hakuku and einlee Hakuku was the setting concept artist for RWBY Volume One and is the art director for Volume Two. Ein-Lee is the concept artist, and has drawn the now iconic pictures seen in the RWBY banner. They are very awesome artists and I totally recommend their other works!