The New Scientist blog reports that ever-amusing DARPA is working on organically combining electronics with insects in order to create controllable insects, presumably for espionage or recon.
A cyborg roach appeared in The Fifth Element, carrying a spy camera until it met a sorry fate.
The intersections of infotech and biotech are growing, but the likelihood of useful cyborg insects still seems low. The FuturistMovies.com estimate: