What is it you ask?! It's the "PAL-V".
Introduced last year in Europe, this is a fully street-legal trike that converts within minutes to a flying gyrocopter. It will be available for sale in 2014.
I have to admit, as a Pilot and a Motorcycle rider.... I watched this video, and had a "moment"...
There's a heli-port on the building here... don't think for a second that if given the chance I wouldn't be commuting to work in THIS baby!!