Personally, I'm looking forward to lab-grown fur coats more than anything edible. I wore a fox-fur coat once and it was amazingly warm and light. I'd far prefer such a coat to down or synthetic if it could be made without killing the fox.
I think people who write about the ethical or taste issues are missing the boat. Peoples tastes and ethics will change as the technology does and the meat improves.
The most interesting perspective, in my opinion, are the entrepreneurial opportunities. Lab grown meat is the starting point. Lab grown fur, animal fats, leather, etc and so on are only a matter of time. The potential markets are colossal and can revolutionize many industries.
Here's a post on a vegetarian entrepreneur's (me) take on lab grown meat -- http://joshuaspodek.com/vegetarian-entrepreneurs-test -- from after the recent New Yorker article.