Cover illustration for Peter S. Beagle's upcoming collection THE FIRST LAST UNICORN AND OTHER BEGINNINGS, which will be coming out from Tachyon Publications sometime in late 2004/early 2005. To find out more about the book and its scheduled release date, go to [link]
No, it's not a reprinting of the last unicorn, but instead contains previously unpublished chapters (from The Last Unicorn, as well as other books) and stories by Peter.
And regarding the appearance of the unicorn --
To those of you familiar with TLU, you already know how she is described in the book (or have seen the movie), but to the people who don't know, she's supposed to look less like "a white horse with a horn," than an altogether different type of creature. Thus, the deerlike head, the sinuous elongated neck, the lions tail, the thin legs and cloven hooves are all on purpose.
Prints (and the original painting): [link]
The Sketch: [link]