FAA granted operation license to this thing, which is now entering serial production stage and should be avalable for around 160 thousand dollars from end of 2011 on. Rated as a lightweight aircaft, operation is allowed after just 20 hours of training. This info all taken from the comment in the second link.
http://www.terrafugia.com/Montage.html
http://www.focus.de/auto/videos/flug...vid_18419.html