Terrafugia's car/plane hybrid has been "coming soon" for nearly a decade and it will stay that way a bit longer. The Transition vehicle has come a long way since those early renders, and in a talk today Terrafugia COO / VP of Engineering Kevin Colburn explained some of the design decisions involved and what else need to happen before pilots/drivers can climb in. The estimated price seems to have climbed a bit from the $279,000 projection, as he said the company is targeting between $300k and $400k. At that price it's not going to replace your (or anyone's) daily driver, but that's not the point. Terrafugia believes that being able to drive the plane from the airport to one's destination is enough to give it an advantage over other small planes or forms of travel.