Third party utilities could implement the scheme for tracking bad blocks, as detailed in the Tech Note. However, I've yet to find any program which does this, and I've yet to find any bad block information listed for a drive (or volume) formatted by Disk Utility.
I hesitate to jump in, as you guys all know more about this than I. But SMARTUtility will access the drive's SMART data (assuming it's on a connection that supports it) and tell you the number of Pending, Removed, and Reallocated Bad Sectors there are. Also, as someone else has noted, Disk Warrior writes in the System Log how many replacement sectors are left or how many have been used, I forget exactly which.
As a Mac consultant I see many failures due to back blocks, so this discussion is especially welcome.