If they really had the $5000 genome in any meaningful way they would have won the X Prize already. Complete Genomics said in a bullshit press release that they could have won the X Prize if they really wanted but they are too focused on other things now. I am willing to bet $50 (or less, if someone else prefers) at 1:1 that someone will win the X Prize for genomics within two years. http://genomics.xprize.org/
Link.
"Razib Khan has an academic background in the biological sciences, and has worked for many years in software. He is an Unz Foundation Junior Fellow. He lives in the western United States."
Razib's writings can be found on his blog, Gene Expression.