It's the most bizarre thing happening in patent law, that's for sure. The Jones pig farm, run by the same family for 5000 years, has bred their pigs to perfection. Monsanto comes in, isolates a couple of genes and puts them out of business.
Re child-to-order: yes it's possible that in a few hundred years it will be quite normal to be altering DNA so you get your perfect baby, but who cares, we'll be dead!