Terrafugia Transition flying car successfully makes first flight

I have been following the progress of the Terrafugia Transition flying car for almost a year now, and finally, flying car airplane has successfully flown its first flight. It took off from an airport in Plattsburgh, New York on March 5, and the company's flight's success today as it placed the Transition on exhibit at Boston's Museum of Science.
Still the ship date is not confirmed but i think it will be soon because it is almost four months ahead of it's testing schedule.
price approx at $194,000 the car which convert into airplane in 30 secs.
check out the test flight and the pilot interview

World’s first flying car gets final touches

Finally, As we said before about Terrafugia transition

"The first flying automobile, equally at home in the sky or on the road, is scheduled to take to the air next month. If it survives its first test flight, the Terrafugia Transition, which can transform itself from a two-seater road car to a plane in 15 seconds, is expected to land in showrooms in about 18 months' time. Terrafugia claims it will be able to fly up to 500 miles on a single tank of unleaded petrol at a cruising speed of 115mph. Even at $200,000 per automobile, they have already received 40 orders."



via source

Pentagon getting into the flying car circus with Personal Air Vehicle Technology

Flying cars? gets more real with Terrafugia and others gearing up their upcoming craft, the Pentagon and its research arm, the Defense Advanced Research Projects Agency (DARPA), wants to get in on all the fun. Imagine how convenient a flying Humvee would be would you're protecting the world from evildoers.

The vehicle you see here is the first peek at "Personal Air Vehicle Technology." Considerably smaller than a Humvee — it's about the size of a small private plane — it won't be armed at first. The scout vehicle is said to go 60MPH on land and 150MPH in the air, flying for a couple of hours before it needs to refuel.

There's just a trickle of the Pentagon's nearly unlimited budget going toward the flying cars now, but that could ramp up fast. With all the secret "black ops" going on behind the Defense Department's closed doors, maybe DARPA has some exotic flying-saucer levitating tech to go into this thing. You never know.