OK, this was my mistake... I did some research and found out that we actually removed the email verification link in the last release since we weren't actually using it or requiring email verification for any part of the site.
I think you can add it back to that page by adding a button for it into the users_profile.php page like:
<input type ="submit" name="verify_button" value="Verify Email Address" />
We removed it because there was no purpose for it in the powerstore... no restrictions based on whether you are verified or not. But it appears we just removed the button from that page and all the code is still in place if you want to add it back.
You could also add it back to the registration email if you wanted by taking the code from the page: WA_Universal_Email/Email_Templates/verification.php on line 9 and replacing the link on the page WA_Universal_Email/Email_Templates/registration.php on line 9.