Percolation Theory: Any one know more?

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hitmohitmo
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I am currently working in using the Ising model to study magnetization, and almost wrapping it up. The professor I am working with said I should get into percolation theory, so, my questions are:
Has anyone worked with this, in what perspective?
Currently i am an undergrad,I am planning to apply to grad school, is this a right field to get into?
 
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I have (at best) a passing familiarity with it. The mathematical methods can be similar (statistical physics, network theory, etc) even though the two applications are decidedly different.

Even so, I would caution against over specialization at this point in your career. Rather than becoming an expert in 'percolation theory', better to (initially) study a broader field like condensed matter, multiphase flow, etc.