The Singularity, good or bad thing?

Watch this short video for details on what I mean by “The Singularity” with the definite article capitalized. Do you think The Singularity will come in silicon and steel, or will geneticists learn to rewrite the DNA code letting us craft ever more intelligent carbon based life? If it comes in the silicon based world first, do you think the machines would decide to eliminate all carbon based life? Why would they, or if you don’t think they would, why do you believe they would keep us around?