Yay!

http://www.tgdaily.com/hardware-features/62494-flying-car-takes-to-the-air-for-first-time

The first flight reached an altitude of 1,400 feet and lasted eight minutes.

"When I drove it into the shop, literally from the road through the garage door, I was amazed that I had just flown it at Plattsburgh a few days before," says Terrafugia chief test pilot Phil Meteer.

"A long-overdue mode of transportation and fun is just around the corner. I can’t wait for the upcoming flight tests and the chance to ‘wring it out’"

The plane will be on display at the New York International Auto Show next week.