Flying Cars Are Just A Decade Away

"Hopes for a flying car that eliminate the cursed traffic jam have seemed out of the question... Giants including carmakers Honda (HMC ) and Toyota (TM ) are developing prototypes of small flying devices. Helped by advances in nanotechnology, microelectronics, and robotics, researchers from the likes of NASA, Carnegie Mellon University, and University of Florida are developing new flight-related technologies, designed to make piloting an aircraft easier than driving a car.

...Air taxis, which would carry anywhere from four to eight passengers on shorter rides between smaller, now-underused airports, could become available in the next three to four years."