What is wrong with this? If you cant tell the difference what does it matter? There are some realities we will need to come to terms with and one of them is we may not have enough space to rear enough animals to provide the food the world consumes. Being able to grow this in a machine of some type at faster and more efficient rates will help solve those issues.
This.
A lot of people have a resistance to anything that appears "unnatural", but they have not stopped to think about natural actually means in the end.
Once this gets rolling, and they are able to produce "artificial" meat for the same price, or cheaper, than meat from slaughtered animals, it's something that will benefit our species immensely. More importantly, in terms of the principle, this is no different than meat from animals. Yes, the means of production is vastly different, but only in some ways.
Instead of biochemicals coming together inside of an animal, along with what is necessary to nourish said animal (which is the means of acquiring said biochemicals for the body to go about making/repairing tissue, among other things), we could skip the actual "body" step and get right to producing the tissues, and only the tissues, that we actually need.
Once the technology and processes have matured, we can actually produce what we currently get from animals, with a lot less resources.
And once all of this does truly mature, we should be able to construct tissues that have the natural balance of nourishment nature would normally provide had we not meddled in the first place (changing natural diets of our livestock to fit our lifestyle/financial needs, at the cost of our physiological needs). I imagine they'll also be able to change up the specific nutrients that act as "input", as well as shapes, fiber densities, natural constituents within specific cuts of meat... and thus produce wholly-artificial food products that taste and have the same mouth-feel as the comparable livestock-produced cut.
I've always imagined this would be a result of our progress, I just wondered when we'd get there, and when it would be absolutely necessary... the big hope, and concern, is to have this kind of ability BEFORE it is overdue. Hopefully by the time it is developed and cost-efficient, that wont be the case.