Right now it definitely is. I had the fortune (or misfortune, I guess) of trying one through New Harvest a while ago. It was not good.
That being said, the estimates for a usable consumer product have been getting more and more accessible. When this first started picking up steam 8~ years ago there were estimates that it would take until at least 2050 before a comparable meat cut could be grown. There's a cut available today for the uber-rich that is getting there already, and now estimates are more around 2025 for something that an average consumer might buy at the store.
It helps that they're moving from bovine research and heading into poultry now. Research is picking up and finding a usable model will be easier with more varied efforts.
Once the technology is refined enough, I'm confident that they will be able to manufacture meat that is essentially indistinguishable from the real thing.
the question becomes, what choice do we make at the individual level in order to get from A to B in the most efficient route?
I need to forego certain consumption in order to afford my retirement. Foregoing certain consumption in order to speed the arrival of other goals, is along the same vibe. None of my analysis involves self-flagellation, it all involves getting to the world that I want to live in. In economic terms we call this the discount that we on future consumption. Most analyses I've seen indicate that the vast majority of people do not match their stated goals with their implicit Behavior
Oh, I wasn't referring to you. You're generally pretty solid in making cost-benefit analyses when it comes to QoL vs. Progress.
You're right that people don't put their money where their mouth is, although I'm not sure if I'd really blame them for it. There's a bottomless pit of choices when it comes to research efforts you can donate towards. Dozens within a niche, each with varying returns and focuses. It's exceptionally difficult for an average person to fund an effort they feel strongly about and also feel like they made the right choice. Too many decisions and not enough intimate knowledge makes for a shotgun approach for those who make the effort. It's why it's so much easier to donate towards a known variable, like someone in the community or a hugely politicized fundraiser (ALS Ice Bucket Challenge).
I personally hold out hope that some day a government will set up an opt-in (or out, maybe) program that adds a tax to your income and lets you select a category of QoL research to invest it towards. The government, as much as some people may hate them for inefficiency and corruption, is generally far more effective at allocating and determining resources in projects like that. Far more than any individual non-profit could ever be. I think "putting your money where your mouth is" would become much easier if the actual legwork gets taken out of the equation for the person contributing towards the effort.