Their product, The Transition, is what they like to call a "roadable aircraft."
"As a light-sport aircraft, the Transition must be operated in and out of designated airports by certificated pilots. (Because this aircraft is easy to fly, the appropriate pilot license can be earned in weeks, instead of months or years.) Unlike any other airplane on the market today, the Transition can fold its wings on command, shift power from the propeller to the rear wheels and drive as a fully street-legal vehicle on any road in the United States. Designed to meet the Federal Motor Vehicle Safety Standards, it is the first light airplane to incorporate automotive-style safety features such as dash-mounted airbags, a passenger safety cage and energy-absorbing crumple zones. For added safety in flight, there is a full vehicle parachute for use in case of emergency."
(Clicking the images above will make them larger)
Maybe we aren't all that far away from living a Jetson's type lifestyle after all.