At the moment, this vision is still confined to the dream world, but Terrafugia is planning to bring an example of such a vehicle to the EAA AirVenture Conference in Wisconsin this July.

The flying SUV, dubbed the ‘Transition Personal Air Vehicle' (PAV) is designed for 100- to 500-mile jumps using its retractable wings. (Check out the website for a Quicktime demonstration.) The Transition PAV will be powered by premium unleaded fuel, and fly at up to 12,000 feet.

Terrafugia plans to have a fully operational prototype ready by 2008, and production vehicles by 2010. The company hopes that the two-manned vehicle will be classified so only a light sport aircraft license is needed to drive (fly?) it.