CNN says:

The organization's 1,400-member national council voted for the policy change, which will take effect January 1.

"No youth may be denied membership in the Boy Scouts of America on the basis of sexual orientation or preference alone," says the approved resolution.

The BSA will maintain its ban on gay adult leaders.

Hooray for not excluding gay kids, but boo for the ban on gay leaders, which probably exists to mollify a few idiot bigots who still believe that all gay men are pedophiles. And, as Dan pointed out, atheists are still not invited to the club, so the Boy Scouts have a long way to go yet.