While I really dig the deck, I don't really like Lotus Cobra with Arid Mesa, Misty Rainforest, and Evolving Wilds as part of the ramp. I think a Leyline or Artifact could do a better job, and maybe help to drop your card count to 60 rather than 64.
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If you're using Magic 2012, then I think Titanic Growth would be much better than Untamed Might. 1G Instant: Target creature gains +4/+4 until end of turn.
I like that you don't need to worry about kicking Joraga Warcaller more than once, because the proliferating will take care of that for you while also adding poison counters. With some revamping this could be a competitive deck. Joraga Treespeaker would really improve your ramp, and help guarantee easy mana for proliferating. Have you thought about adding in NIssa? She'll replenish your life, and then search your deck for you. If you're looking to thin your deck by using the evolving wilds, I think Oracle of Mul Daya would do a better job of it. Lastly, Fauna Shaman would help to get out the Elf you need when you need it. If you want to make it competitive the spells (outside of Beast Within) could be sideboarded to open up room for more elves. And I agree with Ghost, Triumph of the Hordes could win games for you. Check out my Proliferating Elf deck: http://www.mtgvault.com/ViewDeck.aspx?DeckID=204740
I like it. I'm also going to start plotting out a good knight deck; you bashed out good knight and equipment deck in one fell swoop. Consider adding a Sword of Vengeance or three.
Thank you for the suggestions Peng; I took many of them. I also swapped out the Ascendants for Vault Skirges, figuring that flying and black coloring (basically protection from black removal spells) would be more useful than the hoping the Ascendant ascends.
I think you need Sword of Vengeance for the trampling. You're hoping to make your knights indestructible, so you just need a way to make sure they can hit the other player without 1/1 tokens jumping in their way. I know Gideon will open up some pathways, but the trample will still add some security.
Some pipe dreams for opening hands: The deck could get a blazing start if Inkmoth Nexus, Ornithopter, Mox Opal, and a one drop were all in the opening hand: T1: Inkmoth activates itself, drop Onrnithopter and Mox Opal, tap Mox Opal for a one drop The highly unlikely opening hand of Ornithopter, Ornithopter, Mox Opal, Whispersilk Cloak, Puresteel Paladin, Ogre's Cleaver, Plains with a land on the draw would all but guarantee a win by turn four: T1: Plains, 2 Ornithopters, Mox Opal, Puresteel Paladin; T2: Whispersilk Cloak; T3: Ogre's Cleaver
I gave it a couple runs. The planeswalker doesn't show up enough to make much of a difference. Elspeth makes sense when he does play, because with a Soul Attendant he can give the Pridesmates +2 everyturn, but Ajani is nice to have around because he can give all the soldier tokens a +1/+1 boost or produce the */* avatar. Ultimately, like the Felidar Sovereign, the planeswalker is around to offer an alternate win condition, which both Elspeth and Ajani seem able to do.
Upping the Condemn to four and adding four Vapor Snag seemed to do the trick. The deck is beating an aggro-infect and that "little chocolate donuts" deck at a seventy-five percent clip when I play them solitaire. It's a fun deck to play, especially when you have a 20/20 Ajani's Pridemate holding a Sword of Vengeance and leading the charge.
I haven't tried Elspeth. I'll give it a run. I'm still trying to tinker with the deck to make it less vulnerable to infect.
I put together a knight deck using similar deck rules to challenge your soldiers. http://www.mtgvault.com/ViewDeck.aspx?DeckID=193992
I've been using this deck (I'm calling it Infectious Weenies) to test my own standard deck (http://www.mtgvault.com/ViewDeck.aspx?DeckID=193810) based off Ajani's Pridemates. So far I've been able to fine tune mine to win at a little bit better than a fifty or sixty percent clip. This deck crumples sometimes when you only draw one or two of the weenies. A Condemn can set you back two or more turns (you'll lose your critter and your instants). As it's constructed right now it is dangerous, but a bit of a fair weather deck. With that said, there have been plenty of games where this weenies were down to four life, drew a giant growth and put Ajani away. My deck is weak against flying, which your nexuses exploit, and the tunneler definitely gives you the potential to win when the going gets tough.
I like the idea of this, it makes your creatures take on a legendary status. I'm going to give it a few test runs against my own equipment deck (http://www.mtgvault.com/ViewDeck.aspx?DeckID=193810). I know that you limited yourself to just soldiers, but some knights might be worth subbing in: Puresteel Paladin would be good for the chance at equipping for free. Hero of Bladehold would help to create a soldier army.
I've been testing it against that Turn 2 Win infect deck that was linked to on the home page (I call it Infectious Weenies), and needed a way to destroy pesky permanents (which accounts for the condemns as well). The Pridemates seem to get pumped quickly enough through the attendants and priests. I'll give the sword of war and peace some trial runs though. Thanks for the feedback.