So what do you guys think about the idea of creating artificially genetically engineered animals that look similar to iconic prehistoric animals such as smilodon (saber-tooth cat), selectively breeding an animal that closely resembles an extinct subspecies (Examples: European Cave Hyena, American Lion, Javan Tiger).
Currently, scientists are working on and have successfully worked on inserting mammoth genes (adaptive hemoglobin, thick fat, small ears, hair) into an Asian elephant genome. Technically they only have the create an embryo and fertilize a female Asian elephant (their closet relative as mammoths were still elephants). We still haven't figured out a plan to what will happen to these wooly elephants, hopefully they would be created in large numbers and reintroduced to experimental areas in Siberia and possibly the American continents and East Asia.
There's also a possibility of creating a false wooly rhinoceros, we've found wooly rhinoceros carcasses in permafrost. Although, even if we couldn't extract DNA from the wooly rhinoceros, we still have the mammoth genes which could be added to White Rhinoceros (the least endangered of the rhinoceros) and introduce them to areas in Siberia with mammoths.
Dinosaur-like creatures could be created by creating an artificial genome of avian and reptilian DNA. Dinosaurs are a lot different, because we necessarily wouldn't have a place to introduce them (unless we create an isolated island-like ecosystem for them) and we'd have to modify them to the point where they had to be "a dog-level of docile" towards humans. Unlike what you think, mammoths only went extinct around 3,000 to 4,000 years ago (we were building the pyramids when the last mammoths were kicking) and studies have made it clear that the Siberian Arctic Ecosystem still requires the ecological role of megafauna. Climate change also wouldn't affect them, because we've clearly seen periods (called inter-glacial periods), that are similar or even warmer than today's climate and all of those animals were doing very well, in fact, they only started to dying off when humans migrated to other continents.
Dinosaurs also range in terms of appearance, most therapod (two legged-carnivorous) had feathers, although most people prefer them to have more scaly and reptile like skin. So, which one do we do? Do we do both?
What about dragon-like creatures? Horses are distantly related to rhinoceros, it wouldn't be that implausible to insert the genes that produce the Keratin-rhino horns in a horse. I know a lot of this sounds outrageous, but most of this stuff is perfectly possible given how we're advancing and how many of this stuff is being started and almost finished with now.
So just close your eyes for a second. Imagine a strange futuristic scenario, where 'large' reptiles glide through the sky, hairy elephants and rhinos roam the plains of Siberia and Alaska. Where people could purchase unicorns and "dinosaurs".