Stem-Cell-Like-Cells Made Using Only Blood?

Adair writes "Newscientist.com is reporting that a UK biotech firm, TriStem has developed a technique to 'turn ordinary blood into cells capable of regenerating damaged or diseased tissues.' Their method transforms anyone's white blood cells into 'stem-cell-like-cells' which can then be coaxed into one of a myriad of healthy cells such as heart, nerve, or brain. Having made these claims for years, TriStem has recently provided proof to their claims, which some scientists who witnessed called 'stunning."' They have some more proving to do, but if the initial results pan out, the applications could be fantastic -- and without the stigma of traditional stem-cell research."