Genetic engeneering is not only highly useful, it's inevitable. RS is correct in regards to thew specific actions that each gene controls. The current issue is not with the genes themselves as the entire human genome has been mapped to 100% but resides in specific proteins that "turn on and off genes" during fetal development. So far it's been a gamble...sometimes there is no problems, other times the results are disasterous. I suspect these glitches to be corrected within the next 5 years of the development of the project. Fundamentally the theory of using genetic manipulation to create a "genetically unflawed" human is sound. However I do agree that their are risks concerning what a capitalist government would do with the technology.
Most federal governments have already passed edicts prohibiting the spendature of federal funds on genetic research forcing "private party" firms to pick up the funding slack. (as this is not federally prohibited) You see the government wants the technology...they just want someone else to be the "immoral bastard" who does it.
Private corporations are already first in line to access each new technology as it develops. Which could in turn force a very dark initial period of practise for genetic manipulation.
However genetic manipulation like any new technology will eventually become accepted and widely proliferated
causing a severe drop in cost and profit margin. This initial period will indeed be worse than Arnold's performance in "End of Days" but will eventually right itself.
These issues however are acceptable considering the benefits to humanity genetic manipulation will provide.
"It was, of course, a lie what you read about my religious convictions, a lie which is being systematically repeated. I do not believe in a personal God and I have never denied this but have expressed it clearly. If something is in me which can be called religious then it is the unbounded admiration for the structure of the world so far as our science can reveal it." - Albert Einstein