Does seem like another attempt at the idea behind a dinosaur with a rocket launcher on it. The elephant is one of the most dinosaur like of the mammals — right next to the rhinoceros and the hippopotamus — and the current largest extant land animal (since we don’t have dinosaurs), so I guess it works in a pinch. I believe Hannibal actually used the dinosaur with rocket launcher concept when he led elephants to attack Rome. I don’t know if history recorded how that turned out.
Anyway, working with elephants does seem like a good start while we’re perfecting genetically resurrecting dinosaurs. If we want to get America out of the slump its in, we have to dream big — dinosaurs with rocket launchers big.