The Terrafugia Transition is a flying car from Terrafugia, Inc.. Dvice reports that the Terrafugia Transition will be available in 2009 for $194,000. The company also says the car will be out in 2009 in the FAQ. The video below shows the Terrafugia Transition landing and converting itself into a regular car. OhGizmo says it's not really a flying car - it's just a drivable plane. Popsci.com has a longer story on the Terrafugia.
