I think probably the "Array" comes from the "$post" that's just before <img...
ETA: I'm guessing you want something like this:
HTML Code:
<if condition="$post['field11'] == 'alliance'">
<img src="http://www.wowguideonline.com/forum/images/andromeda/misc/alliance-icon.gif">
<else />
<if condition="$post['field11'] == 'horde'">
<img src="http://www.wowguideonline.com/forum/images/andromeda/misc/horde-icon.gif">
<else />
$post[field11]
</if>
</if>