the dino reverse engineering, though, isn't from sequencing the genome; it is using the existing genome of birds like rheas, emus, etc. and tweaking the developmental stages of the epigene to create proteins already encoded but not currently expressed in the dna.
the original post in this thread, however, seems to indicate the possibility of building a neanderthal from scratch. (then again, we don't have any complete dinosaur dna to work with.)
i think it would be interesting, though, to see how neanderthal thought processes worked/work, and to use physically available dna from a humanoid species so closely related to our own might at least force some of the i.d./creationist folk to reconsider the idea that there is no proof whatsoever of evolution (arguments i hear all the time from people who have, you know, all sorts of indisputable physical evidence of god... pictures of god at burger king with elvis, video footage of god swimming in loch ness...). here we have a cousin on the divergent tree of human lineage, complete with dna, available for the recreation.