Although limitations exist, current research is making headway all the time and providing future research directions as it does so.
References
Berger, James O (1985). Statistical Decision Theory and Bayesian Analysis. Springer Series in Statistics (Second ed.). Springer-Verlag.
Friedman, N., Linial, M., Nachman, I., and Pe'er, D. (2000). Using Bayesian networks to analyze expression data. J. Comput. Biol. 7, 601 -- 620.
Hartemink a.J., Gifford D.K., Jaakkola T.S., Young, R.A.. (2001). Using graphical models and genomic expression data to statistically validate models of genetic regulatory networks. Biocomput, World Scientific Publishing Co.
Howson, C.; Urbach, P. (2005). Scientific Reasoning: the Bayesian Approach (3rd ed.). Open Court Publishing Company.
Jensen, F. (1996). An introduction...
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