Jurassic Park for real - What do you think about the Mammoth Creation Project?

From Live Science: Scientists Aim to Revive the Woolly Mammoth – Scientists with the Mammoth Creation Project hope to find a frozen woolly mammoth specimen with sperm DNA. The sperm DNA would then be injected into a female elephant; by repeating the procedure with offspring, a creature 88 percent mammoth could be produced within fifty years.

“This is possible with modern technology we already have,” said Akira Iritani, who is chairman of the genetic engineering department at Kinki University in Japan and a member of the Mammoth Creation Project. However, the DNA in mammoth remains found to date has been unusable, damaged by time and climate changes. “From a geologist’s point of view, the preservation of viable sperm is very unlikely, and this is so far confirmed by the poor condition of cells in the mammoth carcasses,” said Andrei Sher, Russian paleontologist and mammoth expert. Woolly mammoths became extinct about 10,000 years ago as warming weather reduced their food sources. Although only about a hundred specimens have been found, as many as ten million mammoths are believed buried in permanently frozen Russian soil. In his novel Jurassic Park, Michael Crichton popularized the idea of using dinosaur DNA taken from mosquito-like insects trapped in amber to create a Jurassic Park of recreated dinosaurs.

http://www.livescience.com/technology/050412_mammoth_effort.html

Any thoughts?