It's kind of funny to see a reply after such a long time off of what I thought was a dead topic. It's also funny to see that I used to write like a complete jerk (well, maybe I still do), but on to the point: Transhumanism is only a subset of technological singularity, but on the other hand, I think it's the most interesting and likely one to happen. The thing is, if most first world countries are anything like the United States, a religious background will make it very difficult to be progressive in this field.
The more people you have in a democratic nation, the more conservative it becomes, and with over 300 million people...well you get the idea. There are, of course, many other hurdles that will need to be passed, such as how to experiment on something as vital and complex as the brain. Imagine that someone's brain is replaced, neuron by neuron, with a more efficient computer part. Later, some drunk at a party decides to play a prank and runs a powerful magnet next to his head. If there's anything I've learned from Hollywood, this will either kill him or, more likely, turn him into an evil cyborg supervillain.
There's also this great misunderstanding about how intelligence can be increased, so the more I look in to it, the more I become skeptical that this kind of singularity is possible (even though people much better versed in singularity than me wrote books about how it's inevitable). But you've got the right idea about the singularity I was talking about, and I agree that Transhumanism will be very helpful as long as it's developed responsibly.