he's making it seem far simpler than it actually is. For all of that research to fully go through, you'd probably need at least several months for EACH protein. there's obviously not enough manpower to do that with the whole genome. Not just that, "several months" is an estimate for probably a very easy-to-analyze protein. There are plenty of protein structures which have stumped scientists and started debates between scientists with different models for years and have evaded crystallography methods. Currently, scientists usually only look at proteins which seem interesting or which seem to be involved in cancer or aids or such. Projects like WCG can give a rough estimate of the shape of proteins so that scientists can tell which proteins are good candidates for further experimentation.

Not just that, I'm quite certain cancer isn't so simple as just telomerase. Assuming you can even can find a safe inhibitor of telomerase, you'd also be inhibiting all the stem cells in your body (i.e. hair falls out, nails don't grow anymore, low blood cell counts). It'd also take at least a while for the cancer cells to die, because you'll probably need something like 20+ cell divisions before the telomeres finally degrade. And then you'll be stuck with a whole bunch of dead stem cells.

Bottom line, he wants your $$$$!!!