Here's an interesting article:
http://www.physorg.com/news3638.html
Using computational methods followed by combinatorial testing, a hormonal receptor has been engineered that binds to a synthetic molecule.
It makes me wonder if one day we won't be able to design entire genomes from scratch, starting with only the highest-level specifications for the desired characteristics of an organism. The Systems Biology approach, as you've called it.
In complex microchip design, there are software tools used to achieve Very Large Scale Integration (VLSI). One day, when suitable software tools are developed, they will allow for the design of Very Large Scale Metabolic Networks. There will be an interplay between the computational portion of the design process and the combinatorial testing portion of it (accelerated Darwinism, or guided Darwinism?). The combinatorial testing will be streamlined through lab-on-chip devices. This will allow the engineering concept of Rapid Prototyping to be applied to the biological world.
Comments?