Well this is certainly interesting -they say it will come as a flying trike and in a terrestial only version. The flying trike will come in 2 versions - telescoping wing with front-rear seating, and a swing wing with side-by-side seating.
SkyBike Flying Motorcycle Samson Motorworks transformable Telescoping Wing Roadable Airplane
Hmmm, They say it will be out in 2010. I had better start flying lessons now, and saving up to pay up. Oh, not for the trike, that I'll have to finance. I'll have to save up for the hit insurance will take.