A friend showed me Jelly Jam, a great looking Spanish TV show with a style in the great tradition of Pocoyo.

I think the show is being done by Madrid based Studio 737shaker. One thing that surprised me is the use of Arnold as a rendering engine. Arnold is a pretty complex software that was primarly aimed at Feature Animation (Sony uses it) but I am guessing the Spanish creator has made it more friendly to smaller production by integrating to XSI.