I am in favour of genetic engineering. I believe it could allow for a huge breakthrough in human evolution.
I don't advocate "designer babies", where you pick blonde hair, green eyes, 6' tall, etc., but if could eliminate genetic diseases through manipulation of some sort, then why not.
Humans are not under the same pressures of natural selection as we once were. Our survival is no longer dependent on our physical fitness, leading to some impairments to increase in the gene pool (ie. poor eye-sight, however I know this is not necessarily purely genetic, due to increase in amount of reading and strain on the eyes). If we could correct these through gene therapies, then it would compensate for the lower level of natural selective pressure.