A brief FAQ:
What the hell is the Human Brain Project?
A while back there was a project dedicated to simulating a neocortical column of a rat on a super computer, the Blue Brain Project. The idea basically being, this was the most complex basic building block of a mammal's brain, so if it was possible to simulate this section, it would prove that creating a full rat brain would be possible.
It was successful enough that it won some 1+ billion euros worth of science funding from the Eurozone for a decade+ project, with the hope of having a working scaffolding of the human brain by 2020-2023ish. Some neurologists were very butthurt over this and there's been some news lately of them whining about it.
According to the project lead, this is worthwhile due to the following assertions:
* There's like 100,000 papers published a year on the brain. It's impossible for any human being to ever be able to benefit from it all. Not without a model that consolidates all of our knowledge.
* We have bum fuck-all on how intelligence, consciousness, all that sort of thing, really works. When will we magically pass the threshold were we'll suddenly know enough? 1,000,000,000 papers? 1,000,000,000,000 papers? Better to build an exposed black box we can look inside.
* It will have benefits in the field of medicine, will contribute to artificial intelligence, and would give better specifications for the kind of computer hardware we'd need for this problem domain.
He compares it to the moon race often, saying we need to have a "brain race".
Is there more information out there on this thing?
In written form, there's pretty scant info out there for us laymen. There's lots of youtube videos with awesome long boring vague lectures. Lots of references to dicing up mice and rat brains. Lots of whining about how getting human data is difficult - cadavers and small chunks of brains removed due to tumors.
I remember there being some kind of data-sharing site, but can't find it... meh. The official web site is more of a sales pitch kind of thing.
Having to wait around 10 years for a little virtual man spasming wildly on the floor, puking and peeing on himself is boring! Can't we speculate wildly in the meantime instead?
YES THAT'S WHAT THIS THREAD IS FOR!!
(Well, unless anyone has some legitimate expertise or info to dump onto it.)
In my own opinion the entire thing comes across as rather Frankenstein. Even without the carving up rodent brains bit. This is a black box way of generating a mind; if successful the brain simulated would be little different from one made of meat. To get anything useful out of it, besides a functioning brainstem, the thing will have to be taught a language. Like in the game A Mind Forever Voyaging, it would need to experience a "childhood" of sorts. A feat itself possibly as difficult as the brain simulation; I'd add another 10 to 15 years to it for The Human Mind Project.
And in the end you end up creating a person. Creepy!
A Truman Show/Big Brother type reality TV show could be used to drum up support and funding. But what really comes to mind is the morality of ever using such biologically-derived blackbox AI in robots - for them to do what YOU want them to do, instead of what they want to do, they would have to be "brain-damaged" in some manner. An inhibitor mechanism that prevents them from killing themselves or other people. And god knows, if this is the only way to get those robot wives everyone keeps talking about

I'd pass.