Questions of the Day: Vatican Church Believes in Aliens; Do You?

So, it's okay to believe in aliens.  At least that's what the Vatican Church has to say.  

Reverend Jose Gabriel Funes, the Jesuit director of the Vatican Observatory, said, "How can we rule out  that life may have developed elsehwere?  Just as we consider earthly creatures a 'brother' and 'sister,' why should we not talk about an 'extraterrestrial brother'?" He also commented that belief in aliens "doesn't contradict our faith" and that the Big Bang Theory is the most "reasonable" explanation for the creation of the universe.

This brings me to today's question of the day:  Do you believe in extra-terrestrial life?  If you are religious, do you agree with the Vatican's comments that belief in aliens and belief in God are not mutually exclusive?  

And if you DO think that aliens exist, do you think that we should continue spending funds on space exploration to go out there and find them?