Awesome.
Be sure to take pictures and post the results.
You could also do a compare/constrast of the celery stalk flavoring method, vs. the "dunk whole bud in kool-aid" method, and see if either (or both) yield good results.
EDIT:
Short of using a synthetic/artificial bacon flavor, I have no idea how you'd go about creating bacon-flavored weed.
Dipping it in bacon fat? That would be awesome. . .to EAT. . .not to smoke.
Maybe you could cure the bacon AND the weed together at the same time.
Then, you'd end up with bacon flavored weed, and weed-flavored bacon!