::Flying Car of the Present.....!

Whether you classify it as a roadable aircraft or a flying car, Terrafugia's Transition looks resolutely set on avoiding vaporware status and becoming a bona fide commercial reality late next year. It's ironic, then, that the latest development is being illustrated with a bunch of renders, but what they show is a significantly redesigned body, which now comes with FAA-approved safety features and brings the hybrid vehicle closer to its final shape. The new design integrates lessons learned from the Transition'stest flight last year to improve the wing shape and retraction mechanism, while also including an impact-absorbing crumple zone in the nose. The two-seater now also comes with a touchscreen center console -- because nothing signals modernity better than a touchscreen -- and can be seen in all its computer-generated glory on video below.
Engadget Picture Gallery: http://www.engadget.com/photos/terrafugia-transition-new-design-july-2010/

Further Reading and Information Courtesy: My Brain, CNET, Terrafugia.