Right here:
http://www.foxnews.com/story/0,2933,479167,00.html
This is at least the 3rd flying car design I know of; the earliest one is in the Museum of Flight in Seattle. Another was buzzing around in the '90's; not sure what happened to it.
Even if the vehicle works, I'd expect some major hurdles in getting it licensed for public use.
Still, the dream of avioding rush hour snarls remains alive.
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