Hungry monkey, I think you are 100% correct.
I was at an M&S environmental/Plan A seminar the other week.
Professor John Beddington was presenting, and I became more convinced than ever that GM has a role to play in our future. Like any other scientific/technical tool it has to be harnessed in the right way.
I always say that GM elephants don't scare me (don't like it…you can find it and shoot it). GM microbes scare the bejeaburs out of me.
For crops you really have to look at the specifics. My interest is in GM corn, for bio-polymer production. Given than much of this in produced in huge US mono-cultures I do not see much risk in cross contamination.
It's the future, but it needs well regulating.