Yes I have that. I just created a dummy account and I can confirm a couple of things.
The Welcome PM has everything but the topic link in it.
The Welcome Email shows up just as it should but still fails to display the topic link
Email Titles are showing up like this Welcome %member_name% to %board_name%
Status Updates are not posting up to new users though it's enabled.
Currently running 4.1.8.1 and your version 2.4.9 Thank you for your help sir.