Flying Cars: Finally Here... Kind Of (VIDEO)

04/03/2012 10:40 am ET | Updated Jun 03, 2012

When you imagine a flying car, it usually looks like something out of The Jetsons or Back to the Future. Sadly, today's flying cars look more like lackluster Transformers.

Not that the newly announced PAL-V One isn't cool.

On the ground, the tiny vehicle runs on three wheels like some kind of car/motorcycle hybrid. Once you find some open space, you simply pop out the tail, lift the rotors and voila -- instant helicopter.