I am strongly considering creating a set of monsters in a similar art style, yes! Are you thinking about top-down monsters (like in Zelda) or for battle screens (like in Final Fantasy, Lufia)?
top down, i need some for my dungeon explorer. If you do, you should also add some props to make them more interesting and give them more abilities. So for example a giant frog that has a normal attack, but also the ability to extend it's tongue longer or lay down eggs that spawn smaller frogs. would make it more interesting. Just a suggestion tho, right now i will take anything since i am desperate for monsters i can use as bosses. If you need more suggestions, i have plenty :D