They're actively working on building cheaper, open source implementations of the common tools of the trade in the ethos of the Homebrew Computer Club.
See, e.g., http://openwetware.org/wiki/DIYbio:Notebook/Open_Gel_Box_2.0
See, e.g., http://openwetware.org/wiki/DIYbio:Notebook/Open_Gel_Box_2.0
The more interesting thing would be if they could biohack PCR, sequencing, or even cDNA creation but all of those run into intense price barriers rather fast as you start to need enzymes and machinery. Some of the basic assays could be purchased for rather cheaply if the cost (in the several hundreds for the materials to do around 100 tests) was split.
Not to say that all of this might become possible on the cheap in the future (PCR wouldn't be that hard if you purchase Taq polymerase, ~$100/100 rxns) but it amused me to read a comic excitedly proclaiming a DIY kit for unsterile, inconsistent transfection.