Jon,
Are minds where close.
I do like this although I had not thought of the four quadrants. I had actually thought that the "new" puppet could hold the shield and that the name Bashfull Puppet could be added to the top band in the crest.
I had also thought that for the puppet you could actually use a drawing of one of your current puppets you had made. With the new four quadrants this could be extended and you could put two other puppets in the shield thus "adding" your puppets to your family.