No, that badge is not out yet. If you try to add to cart or gift it to someone, pogo won't let you. The badge you are speaking of is the special edition battleship badge for Oct 2010.
i had read somewhere that it was coming out this month so when i saw it i was sure it was out. leave it to pogo to put something up that you can't buy yet.
also isn't the limited edition badge in oct. a halloween badge?