I'm undecided. I think there would be pros and cons just like anything else. I'm leaning towards the "Yes its wrong" just because tampering with nature is never good, especially if you just want a unique pet. However if this genetic engineering could improve the environment in anyway or further mankind in a benenficial way then I would be more inclined to be in favor of it.

What scares me is if this stuff got into the wrong hands. Terrorism could become very sneaky if you could genetically engineer bugs to devour a countries food source or create biological weapons from mosquitos.

I think the possibilities would be endless and thats a very scary notion.