It raises a lot of ethical questions. There was a great movie that touched those issues: "Gattaca".
That same idea applies here too. This article illustrates that there will be other, nuanced perils to bioinformatics besides rewarding genetic lottery winners and punishing losers. Genetic testing is a powerful tool that should be used wisely. Of course, it will be a bumpy road until society settles on what "wisely" means.
Despite space ships the depicted civilization didn't improve a lot. (and that's just the work conditions - leisure time practically doesn't exist in the movie)