Agreed with Citta, he beat me to it as I wrote.
I cannot really understand the "ew" factor of some people regarding this. Considering artificial meat icky or unclean or suspicious reveals ignorance about the standard means of mass meat production, where the meat goes through a whole collection of unhealthy processes, often crawling with bacteria, before finally being washed with ammonia in order to make it safe for consumption. Not to mention how animals are brutalized in the vast majority of cases, and the widespread, massive, often irresponsible use of antibiotics. And no matter how much the synthetic tissues "pulsate" inside of the cultivation container, they will always pulsate less than a living animal.
I say go ahead with it. However, there's a long way until it's viable to market for a realistic price. It's not only about competing reasonably with the cost of raising animals for meat. It's defying the whole industrial web involving manufacturers of compound feeds, livestock equipment, veterinarian supplies, etc. So it won't be easy.
In any case, meat (synthetic or not) SHOULD be more expensive than it generally is. People who are not willing to become vegetarians have to realize that meat production will be only sustainable if it happens at a much lower scale, with much better conditions, and that has a price. Take it or leave it. Ignoring the fact is simply irresponsible.