One argument against this sort of intervention comes from my experience living with our family dog (we've had him for five years). He is a calm and intelligent dog who I feel has had a good life, but I feel sometimes that it is a very restrictive one. He can't do whatever he wants, and is separated from other creatures like himself. My feeling is that his life was worth living, but there is an element of guilt when I think about how free he is, and once he passes away I don't think I will keep a pet in a future family I start.
It's very hard to say what these creatures who cannot speak up for themselves really want, and whether we should interfere with their lives to prevent suffering that's inherent in nature.
Do you have any thoughts on this? Please let me know if you have any books/resources to recommend. I'm planning to read Singer's Animal Liberation soon, which will probably discuss this question.