Leo Laporte did a TWiT Special on this recently: http://twit.tv/show/twit-live-specials/126
The discussion centered around taking existing genomes and splicing in functionality. The example given was setting up a Kickstarter project for trees that glow in the dark. The government is aggressively pursuing this tech.
[Edit] Direct links:
dna editor: http://www.genomecompiler.com/
dna printer: http://angel.co/cambrian-genomics