(Waits for a pause in the storm)Well, looking over the comments so far I have made a few adjustments...
Elf M Psionic (Will get the Elven bow in 7, and hope it transfers to 8)
Mook F Bard (To use the shadow cloak)
Gnome F Priest (I hear gnomes make good spellcasters, and never played one before, otherwise no real reason)
Faerie F Mage (Will be a major spellcaster later, will NOT end up as a ninja, as I will let Bleinmus(sp?) live.)
Felpurr F Fighter (Valk, if I get a good enough bonus. I take the first roll I get over 10, and I don't know if that is enough)
Human M Fighter (will go to Lord with Ebony/Mantis armor)
And as to why I had two Elves and Faeries (*shrug*), they were the first races to mind, they make good spellcasters. I like having a Psionic in my opening party as opposed to an alchemist because they seem to get a better mix of offensive/defensive/useful spells early (idetify, detect trap, ect.)
Lord Gram (the Light)
(Ducks back under his umbrella)