Looking at some of the dialogue here I feel I am such a noob :}
Okay, so I have a character with a blob shadow projector but the shadow is really dark. I would like a more subtle shadow but cannot see how to do that short of changing the material. Any thoughts??
Change the color of the shadow. You have to alter the texture if you use the built-in shaders, I think, but you can use the textures that the built-in materials do, and have more flexibility, if you use your own shader.