It looks like AAI Corp has, indeed, landed the contract for feasibility studies of the Transformer flying Humvee
project, which as far as we can tell takes a lightly armored (if armored at all) four man vehicle and puts it in the air, practically begging to be hit by a rocket-propelled grenade. And if that doesn't sound sketchy enough, keep in mind that among the design considerations are gas tanks in the craft's wings which, as Spencer Ackerman at Wired
points out, would make really obvious targets. The testing should last about a year, and cost DARPA a cool $3 million. If all goes well, AAI could have a partial prototype in 2013.