It's Inspector Carmelita from the game Sly Cooper, holding her good friend, the Shock Pistol. I'm amazed it took me this long to get some real, quality fan art done for this wonderful game.

This picture has proven to be quite popular among Sly fans. So much so, that someone ripped it off and entered it in an official Sucker Punch contest — and won first place. :/

carmelita fox sly cooper fanart