Remember the old IBM commercial with Avery Brooks asking, "Where are the flying cars? I was promised flying cars."? And then he concludes, "You don't need flying cars" because you've got the Internet. Apparently the company Terrafugia disagrees, and so, it's offering a flying car for sale. According to the Huffington Post:
The company Terrafugia, based in Woburn, Mass., says it plans to deliver its car-plane, the Transition, to customers by the end of 2011. It recently cleared a major hurdle when the Federal Aviation Administration granted a special weight limit exemption to the Transition. ... the car-plane has wings that unfold for flying – a process the company says takes one minute – and fold back up for driving. ... The Transition is being marketed more as a plane that drives than a car that flies, although it is both.You'll need a runway to get this sucker off the ground. Keep that in mind.
The HuffPo article puts the price at $194,00, more than a Hyundai. Computerworld says a two-seater will set you back about $148,000, and you'll need a sports pilot license to fly it.
Here's video of a test flight.