Flying cars aren’t exactly science fiction, but they certainly aren’t something you see every day either.  While there have been many attempts, and many failures, some concepts have had rudimentary success at least in function if not in sales (Moller SkyCar as an example).  A start-up company called Terrafugia is determined to create a flying car that is street legal, flyable as a light sport craft, has practical value, and is marketable to a wide audience.  Known as the Transition, the car currently only exists on paper and in the minds of it’s designers, but is slated to be available in prototype form by 2008.  With heavy backing from MIT, Terrafugia appears to be aware of the pitfalls associated with the concept of flying cars, and plans on marketing the Transition by telling prospective buyers both the pros and cons.

With the need for a sport pilot license and an estimated street price of $148,000 the Transition won’t be for everyone, but may open the doors to future concepts that are.

Read More | Terrafugia via C|Net