Fungal diesel could revolutionise fuel production

These are the days of miracle and wonder: well maybe ... Fungal diesel could revolutionise fuel production - earth - 04 November 2008 - New Scientist Environment: "A fungus that can convert plant waste directly into diesel could allow us to generate biofuel without sacrificing food production."
The big issue will be about how easy it could turn out to be to scale it up and whether it would really be true that it needn't cost food production to do it. Signs are positive on the latter and the jury's out on the former.
Also read Wired's article on it. Original paper (pdf) here.