I totally understand that the very phrase "Human-Animal Hybrid" (or vice versa) sounds dramatic.
However, I think that the general public's (and particularly those of a religious persuasion) gut reaction is out of all proportion. We are not talking about creating centaurs or mermaids though. Essentially what we are talking about is using temporary cellular housing for human genomic material. It's a very different kettle of fish (albeit a kettle of human-fish).
Cells, generally talking, are remarkably similar across species. The thing that really separates one animal's cells from anothers is the nuclear genome. Cow cells do not have little udders on them and they do not moo. Like our cells they contain (broadly speaking) a nucleus containing DNA, mitochondria and all the little organelles that keep the cell ticking over. If you want to look at it in simplistic terms, the "cell" is merely a housing unit for the nuclear DNA, and it is really the nuclear DNA that defines the species of the organism from which the cell derives.
The hybrids which are being so hotly discussed at the moment, and voted on in the British Parliament (the vote on hybrids was yesterday, with other related topics still being voted on), really just refer to inserting human nuclear DNA into cells obtained from another organism (such as a cow). But this does not mean that half-cow, half-human creatures are being created. The embryo that begins to develop will to all intents and purposes be a clone of the donor of the human DNA. The human element of this embryo will be virtually unaltered, save for any small differences in mitochondrial DNA. Given that mitochondrial DNA can not afford to change dramatically, given the metabolic role of mitochondria (meaning any big changes would more than likely result in cell death), the only differences between a "pure-bred" human and one of these "hybrids" would be negligble. The cells that developed from the original hybrid would have no choice but to be human: it is, after all, the nuclear DNA that dictates the generation of proteins and so on that are used throughout the body.
In many ways, the current situation is of the religious objectors' making anyway. Use of embryonic stem cells has been so vastly restricted, largely due to religious objections, that another way has had to be sought to satisfy the qualms some have over embryonic stem cells. This method allows another way - a way which wouldn't have been necessary without the scientific Luddism of religion - in order to try and develop treatments, and maybe one day cures, for a host of life-shattering and often life-ending diseases (such as Parkinsons). The untold numbers of people who could benefit from this progress makes it utterly abhorrent, to my mind, to try and suppress it.
I'm not saying that ethical checks shouldn't exist. Of course, they absolutely should. And if this were a case of trying to mutant army of human-crocodile soldiers, or whatever, then I too would be fiercely opposed. However, it's not. Basically it's housing human DNA in (simplistically) the cellular "goo" required to create stem cells. And it would be unneccessary if the religious community hadn't done so much to restrict non-hybrid stem cells. This is not merely experimentation for experimentation's sake: we are at the cusp of potentially one of the most significant advances in medical science of modern history.
And to those who say that this isn't what "nature intended", I would say that "nature" (whatever that might be) doesn't have any intentions, but that the overriding intention of all organisms within nature is to survive with as little suffering as possible. And that is what we're trying to do.