It'll drop below $1000 for an indivudually sequenced genome very soon. 2014 or so, I guess. Before we reach that price point, genomically individualized, personalized, medicine will become a reality, if the regulatory environment adapts to the accelerated rate of technological change.
But I doubt that the regulatory environment in the US will. It has rigor mortis. regulatory bodies can never keep up with the dynamism of human growth. Still, global free trade will enable those with means to jet to foreign destinations where they can receive the best of treatment. That's great for them, but it is tragic for those that don't have the means.
Craig Venter has spoken of the problem. Francis Collins has spoken of this problem. Andrew Von Eschenbach has brought it up also.
Our science is being hampered by our political institutions.
Release Prometheus NOW.
BTS