A cure for vegans who crave bacon?

For a few years, I was a vegetarian. After expressing that I had thought about breaking my carcass boycot, a friend gave me a bag of beef jerky as a joke. I succumbed to temptation within a few hours.

The NYT is reporting that PETA is now offering a million dollars to the first person to come up with

...tissue cultures that could be consumed like meat without the expense of land or feed and the disease potential of real meat.

Completely different than your standard tofu, this alternative is actually meat produced in vitro (cloned, I believe?).

This brings up new issues within the vegetarian/vegan community as no animals are killed with this product. Despite PETA's endorsement of the idea and the lack of harm to animals, many PETAers (and vegetarians otherwise, I'd assume) are still disgusted with the idea of eating this animal tissue.

This also comes at an interesting time as the organic section of American grocery stores expand and some people are pushing for the FDA labeling of cloned foods. I'm curious to see how consumers respond to this if a viable product can be made.