Um, why yes, it IS the pig on the LEFT that was genetically engineered. With genes from a jellyfish. Same sort of thing as dham (I think it was)posted a while back with glowing fish.
The full story is
here
The idea with these guys is not to produce really weird-looking pigs, but to see if genetics can be used to produce pigs that develop organs suitable for transplant into humans.
It's a fine step. Used to be that you had to eat bacon, ham, etc. and wait for your body to process it all until it became a part of you. Now they will be able to just take a piece of pig and surgically put it right into you.