News.com has a very interesting story on the Transition, a "roadable plane" being developed by Terrafugia, an M.I.T.-inspired company that is planning to bring its Jetsonian flying car to market in 2009. According to the article, Terrafugia has unveiled a simulator that will enable potential customers to test-drive (-fly?) the Transistion. For those who like what they see, Terrafugia is also taking deposits of 5 percent of the estimated $148,000 price tag.
Read the full story here.