I wonder when we'll be able to simulate an organism out of a given sequenced DNA. It may be a little too much to recreate a real living thing, but I think it would be OK to simulate.
A few links for the interested: https://en.wikipedia.org/wiki/Developmental_biology http://en.wikipedia.org/wiki/Epigenetics
That said, there has been quite an exciting paper published around a year ago describing the first simulation of one life cycle of an in silico Mycoplasma genitalium (the smallest known bacteria). Here's a link to relevant HN discussion: https://news.ycombinator.com/item?id=4272039