Sorry for being the niggler on the newly implemented badge directory - looks really great and I very much appreciate the improvement. Thank you!
One small issue remaining is that if you create a custom badge description (as of today, there is long description and short description available to be edited - thanks!) and include linked text, it just links straight to the badge and not to the actual link destination. This problem is not exhibited for default badges like guidelines and I’m not able to replicate it here on meta.
But on my site, try clicking on the “Read the FAQ” badge and you’ll see what happens. Once there on the Read FAQ badge page, you can click again on the link and it takes you to the actual FAQ. I only have the description field filled out, not the long description field.
Just updated to latest and am at v1.5.0.beta13b +155.