Here we go again, more developments in the 'flying car'... or rather I should say, in 'personal transport'. Because now when you land your personal commuter airplane at the airport, you can just fold up the wings and drive home. Conversion from plane to street-legal auto takes less than 30 seconds. And it flies on regular petrolium.... yet with an anticipated price of around $200,000 - all ready for delivery in 2011.!
See here for more info and pictures: Terrafugia