FF will make a custom 30F bag for me that has Pertex Shield EX, described as w/b. They very much do not reccommend doing that for a bag of this temp rating however. FF also said they've messed around with the welded baffle thing and essentially sounded like they thought it unreliable. They use a 'tuck stitch' for the baffles that is supposed to hide the baffle/shell seam and protect the thread from abrasion and to a lesser degree, moisture.
http://www.featheredfriends.com/Picasso/Subhead/FabInfo.html
The Mountain Hardwear Phantom seems to be a decent bag but http://www.outdoorgearlab.com thinks their shell fabric is a bit whimpy, although they do like the fact that the Phantom comes with a stuff stack that truly compacts the bag (down to just over the size of about a 1.5L water bottle or so. Watch video: http://www.altrec.com/mountain-hardwear/phantom-32-degree-sleeping-bag?skus_all=true
I've got a prodeal w/ Mountain Hardwear, so that makes the Phantom a good deal for me, but the FF Osprey with 900 fill down and Pertex UL (better shell) is hard to beat and would likely be the best overall bag. outdoorgearlab.com put this bag (Merlin and Kestral in same series, just different sizes to fit you body better for max efficiency) as the 'highest performance summer weight sleeping bag' they reviewed.