Very cool! From the BBC:
Extinct Mammoth DNA decoded
Scientists have pieced together part of the genetic recipe of the extinct woolly mammoth.
The 5,000 DNA letters spell out the genetic code of its mitochondria, the structures in the cell that generate energy.
The research, published in the online edition of Nature, gives an insight into the elephant family tree.
It shows that the mammoth was most closely related to the Asian rather than the African elephant.
The three groups split from a common ancestor about six million years ago, with Asian elephants and mammoths diverging about half a million years later.
"We have finally resolved the phylogeny of the mammoth which has been controversial for the last 10 years," lead author Michael Hofreiter of the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, told the BBC News website.
You need to note that this is Mitochondrial DNA and not Nuclear DNA. The Nucleus of the cell has the information on how the cell was constructed, the mitochondrion is a very strange hanger-on that evolved from a endosymbiotic prokaryote to a component of the cell.
We need the Nuclear DNA if we want to build ourselves a Mammoth although the Mitochondrial will point us in the right direction if we want to start selective breeding of Elephants (Mammoths who lost their fur).