David Kiley has the scoop on an amazing development that may finally allow the dream of a flying car to become a reality. While it doesn't mean we have finally begun our transformation into a Jetsons-like society, we hope the Terrafugia is a small first step in getting us to the future we have dreamed about since the dawn of science fiction: The Terrafugia, a flying car developed by a group of MIT graduates, passed a key regulatory hurdle this month when the FAA agreed it could be certified in the Light Sports Aircraft category.

Read the full story at Luxist and check out the car in action in the video from Terrafugia below.

UPDATE: David Kiley talked about Terrafugia on Countdown with Keith Olbermann. See the video below:

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