The Federal Aviation Administration has classified the design of the Terrafugia -- a creation that a Massachusetts company is calling a flying car -- as a Light Sport Aircraft. The ruling means that, with just 20 hours of flying under your belt and what's anticipated to be a $200,000 investment, you could take to the air. The two-seat vehicle reportedly can be driven on the roads at 65 mph, and reach an airborne speed of 115 mph. A prototype has been tested, and the Terrafugia could ship in 2011.

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