Back in 2006, we brought you news on the Terrafugia Transition, the first production flying car. The novel start-up company has delivered on its promise for a production flying car in 2009, and today MSNBC reports that Terrafugia has taken deposits for more than 40 Transitions to be delivered in 2010.

At $194,000, the Terrafugia Transition flying car won't replace your standby daily driver--but it might one day. The "roadable aircraft," Terrafugia's preferred verbiage for the vehicle, will get 500 miles per tank of regular unleaded gas. Wings unfold when the driver is ready to take off and fold away after landing.