The idea of using a sperm cell for introducing exogenous DNA into an oocyte at the time of fertilization would be brilliant if only we were sure that it can be done. Since 1989, contradictory reports have appeared in the literature and, at present, no consensus has been reached on the topic. Given the potential impact of this method for the generation of transgenic animals, for both mammalian and non-mammalian species, this review summarizes what has been achieved in this field. While some aspects, such as the binding of DNA molecules to spermatozoa, have now a solid experimental base, others, such as the generation of real transgenic individuals, are still based on disputed evidence. A critical analysis of the most relevant data will be presented in order to provide the tools for an objective evaluation of the efficiency of this method.