Psyringe: Thanks, interesting link. :)
It's at a very, very early stage though. The scientist talks about lab tests as a thing to do in the future, meaning that they don't even know yet whether the cells would work. Even if they work, the next problem is how to transfer this to humans. Will a human body accept such cells, or reject them as foreign? Will the immune system that destroyed the body's own cells destroy the new cells as well?
The scientist is probably right in calling the technology he's developing an "important step", but it's also a very early one, and it might even turn out to be a dead end.
Anyway, I didn't want to sound overly pessimistic. :) Basically, my stance is: The insulin therapy has developed enough to make the condition very manageable. I'm simply happy for that (a couple hundred years ago, I'd probably simply be dead by now). I don't really expect an actual "cure" to be developed before I'm to old for it to make sense for me, but I'm not feeling depressed about that. If a cure appears, I'll be positively surprised. If not, I'll continue to be happy that I have condition that can be managed (and be frustrated at times when things go wrong, of course, but that goes away after a day). I'm a bit skeptical about the sensibility of organ transplants for diabetics in general.
I don't know, for some reason, my whole general feeling about my diabetes is "it could have been a lot worse". ;) I even prefer shooting insulin over swallowing those awkwardly huge pills (and keeping a strict diet) with which my first doctor tried to keep my condition in check (he mistook me for a type 2, which he apparently had experience with, type 1 is comparatively rare).
Indeed the progress in Insulin is great with Lantus and Novorapid not to mention the possible introduction of smart-insulin with FDA approval in the future.