Sure would.
Personaly i find this a bit out there.Modeling and engine department might impliment stuff like this when they run out of things to impliment.I mean do we need these parent races ?

What next.Obi wan-Harnquist ? 
Moony you are literaly killing me from laughter.This was so funny i ran out of air a few times.
Keep em comin you the best at making jokes out of anything.....In a good way.

[XD best Star wars parody in a while.Funny thing is ive been playing a lot of Star wars battle front recently so it just sound funnyer when i compare them.Great work Moony keep em comin]

Sounds pretty logic.But im not o sure about magic for each race.
Krans should of course have some sort of ability to go over the top in all physical disciplines since thats basicaly going to be the only thing their usefull for.
Enkis wouldnt have magic as they were hunters who lived of their own bountyso some sort of racial ability would be nice.Maybe for a litle bit they highten they dodge chance and weapon skills by concentrating.
Diabolis might have magic since their realm would sugest it beeing extremely dangerous and not completely natural.I would say magic to counter the heat would be inate to them.And also a resistance to heat and fire spells should be like Kran armor for them.
Ynnwn should have a physical boost like Krans.
Lemurs would only have a knack for glyph magic since they are after all the first race of Yliakum.
Dwarves wouldnt need any magic and i cant think ofwhat they would need besides a resistance to beer.
Dermorians might have magic to help comunicate.For some reason i always think of them as the elves who could talk to animals.
Noltirs probably wouldnt have needed magic in their world so throw them of the list.
Ylians might have had magic in their world but i would venture a guess it would be very similiar or identical to Xacha magic so we can make a single spell set for them.
Klyros might have needed spells to strenghten their bodies from time to time.Or spells to make things lighter.

Well these are my few thoughts on the matter.

Love the idea of the first guy.The half dragon buddy has real nice wings.Something i always mess up at drawing.The neat Farren lacks your usual detail and charm.As for the third one cant realy say anything.Not to bad but not as good as the others.

A few tips on your Katana.That thing would break to a decent stick.Too bent and too thin.Unless its made of something stronger and about the same weight as titanium then you should draw it a bit difrent.
My advice would be drawing it stronger at the start.Also make the hilt biger so its seem more or less the same.And a katana that lenght would weigh a LOT.Maybe shorten it or give it a longer hilt so it would be a Dai-Katana.
Just my few tips.Other than that you just need practice.

Bonus riddle: “If you have it, you want to share it. If your share it, you haven’t got it.”

Secret.

As for the matter of the OOC going IC truly there are only 2 ways to solve this.
1)Make sure you give the info to a person who is good at RolePlay and will not use it as IC knowlege.Or make sure it doesent matter if he knows it ICly or OOCly.
2)Give info out on a need-to-know basis.Personaly i think that it will also make your character more realistic since obiously you dont go telling everyone about your diary or that you like that girl.

Legs could use more depth clearness but other wise its real nice.