Update (March 5, 2012): As of Feb. 24, the merit badge is now "live"! The pamphlet should be in your local Scout Shop, or you can order it through ScoutStuff by clicking here. Once it's earned, Scouters can click here to order the emblem.
Hot news: Welding merit badge here!
As I told you in November, the BSA turned to the American Welding Society to help create a new merit badge that will teach Scouts about a real-world field where demand for workers exceeds supply.