Flying Cars on the Horizon?

Though I'm sure we were all hoping for something a little more stylish, the era of the flying car (or roadable aircraft, as it's designers prefer) may finally be upon us. MIT startup Terrafugia has been showcasing its Transition vehicle, a 2-seat aircraft that can fold its wing to become a road-ready automobile.

The transition runs on unleaded gas, has a flight range of 500 miles, an airspeed of ~110mph, and a road speed of 70mph.  With the prototype costing around $300,000, the Transition may not be for everyone. But it's a start.

---