Practical applications for teleportation, though not exactly the type seen in Star Trek, could be less than a generation away. Article on wired.com.
http://www.wired.com/news/technology/0,1282,19551,00.html
A Scientific American article detailing the recent success in using quantum effects for teleportation.
http://www.sciam.com/article.cfm?articleID=00014CBD-7633-1C76-9B81809EC588EF21
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