I've ranted on this subject before. I wish Pistorius well, but no way he should compete with the able-bodied. For one thing, the rules only permit the limbs to be elevated X amount (12mm? don't recall) by the athlete's "footwear." Hence his prostheses break the (able-bodied) rules right now.
More fundamentally: The technologically-limiting factor for most disabled athletes is the *sound* limb. For most people the prosthetic limb, regardless of how technologically advanced, would not be able to work much more effectively than the natural one, because the resulting asymmetry could make the athlete fall or develop injuries, or simply use a lot of energy to correct rotational forces.
FWIW I suspect that continued development will produce prostheses that will essentially eliminate these problems among "single-leggers." But for a "double-legger" like Pistorius, the technology is already here: enormous energy return for a limb that is (or will be, with continued development) *very much lighter* than a natural limb, as well as longer.
Remember, the leg muscles don't just produce propulsion; they also swing the leg through for the next step. Swinging a lightweight leg--particularly, one that has little weight at the end of the lever--is a tremendous advantage, and one that will only increase with development of new materials.
Also bear in mind that there is no particular theoretical bar to this athlete's donning legs that are six inches longer than his current ones. (Or longer--who knows?) This man could develop a top speed of 50km/hr or faster.
Pistorius is a tremendous athlete, and it's certainly not his "fault" that he is bilaterally disabled. But the solutions to his disability produce an advantage (vis-a-vis able-bodied athletes) that will only increase as technology improves. He doesn't belong in championship able-bodied competition, anymore than the current crop of wheelchair athletes does. (I'm old enough to remember when the idea of a wheelchair dude going faster than an able-bodied person would be laughable. Wheelchairs changed.)