The two-seater vehicle, which is designed with foldable wings, falls into the light sport aircraft category and is expected to take off and land at small, local airports and to drive on virtually any road. According to the Woburn, Mass.-based company's Web site, the Transition has an anticipated base price of $279,000. That's up from a 2010 company report that said the expected price then was $148,000. Specification are available on Terrafugia's .

Anyone flying the Transition will need a sport pilot certificate. The vehicle is designed to fit into a household garage.

Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at , on or subscribe to . Her email address is .

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