An article from the NY Times talks about the potential to regenerate the wooly mammoth with DNA from museum pieces and some pretty hopped-up sequencing machines and techniques. It also makes brief mention of the possibility of bringing back Neanderthal.
First, I'd like a KP reality check here. Some of us are in a better position to answer the question as to whether this is even remotely possible. Please do.
Second, I am not sure how I feel about the Neanderthal idea. On the one hand, it'd be pretty cool just to be able to do it. The issue then becomes ethical/moral. Would Neanderthals be considered people? What rights would they have? I know this sounds terrible but.. could we...ahem... make use of them? If they are considered people, I guess that knocks out some of the potential...er...uses, but if they are not people, just think about it. Maybe a little scary.
Anyway, let's not get ahead of ourselves. Can it be done? If so, should it? Discuss.