Whilst there is an acknowledged risk (by those familiar with the process on even an intermediate level) you are assuming a lot Mongoose. You are basically riding on humanity being amoral at best or immoral perhaps and just going to the most extreme of genetic specification. People don't work like that.
My own experience of humanity leads me to have both great hope for our future and great doubt that we will be able to realize said future. Our development as a society has given us great potential to further expand our horizons, but at the same time, we all-too-frequently manage to turn this potential against ourselves, to our own detriment. (A certain sort of weapon comes to mind.) I look at developments such as this in the field of genetics in the same light, tempered by my own ethical standards. I think that this technology holds fantastic potential to alleviate suffering in many people, but I can also see many,
many ways in which it can be misused to the detriment of society, which tempers my enthusiasm for it and leads to my urging of caution.
And if you'll allow me to swing off-topic just for a moment to address a particular point...
(and I would like to interject to point out that the 'traditional' method of conception is responsible for countless numbers of embryos being discarded that seems to garner no similar moral dilemma)
The fundamental ethical difference here is that procedures like IVF knowingly and willfully involve the destruction of embryos, whereas spontaneous abortions (miscarriages) occur without any knowledge or action by the parties involved. The doctor performing IVF and the couple who is patronizing that doctor are fully aware that they will be discarding a number of spare embryos in the process. In contrast, a couple normally having sex has no control over how (or if) the fertilized egg will develop. As with any number of ethical issues (and such legal issues as murder, for that matter), the intent of the parties involved is as important as the end result.