BoomZilla writes "While we're all waiting for the personal jet packs we were promised in the magazines of our youth, another 'personal flying car' has entered the fray. The Taero 4000 will exist in the car/plane category, but will require a pilot's license and will operate from airports (...no lifting off from the back yard). The Taero has an interesting folding wing concept: '[the] wing fold system will enable automatic transformation from air to land travel with the wings folding to a position parallel with the fuselage'. The target base price for the Taero 4000, in assembly kit form, is $400,000 U.S. dollars (does not include assembly[!] or optional extras). According to the site, 'Taero is scheduled for first delivery in 2007'. The FAQ makes interesting reading. Competition for Moller International's SkyCar?"