Not sure how I feel about this one yet.
On one hand the thing looks bad-ass and I'm sure it would be a blast to drive OR fly.
But on the other hand... I don't quite see the point in having a vehicle like this when you still have to get out and attach a parachute to it in order to get airborn. (or take it off when going "land-born").
I think I'd rather have an off-roader without a propeller, and a para-glider without wheels.
plus... VIDEO (or it didn't happen).

Getting better and better! Unfortunately, something else for paranoid dope growers to shoot at if they see it flying over their little concealed green patches.

I love it! I can see that this is ideal for travelling between any points A and B in the bundus. The idea is probably to travel on-road as far as you can, when the going really gets tough, like getting to a non-existent bridge, rip out the chute and take-off! The airborne range would unfortunately restrict you from using flying as the main method of travelling.
The one main restriction is probably the limited payload which can be carried

in the back country...with lousy roads, but lots of them; this would come in handy for search and rescue teams / medical emergencies. also in desert country. pity the article doesn't mention how pitch and roll are controlled...an example of bad reporting? can't afford one, but really want to try one out!

Check out Vaylon's PEGASE concept too. Same kind of vehicle but it's a side by side 2-seater, it is equipped with a windshield and efforts have been made to ensure the propeller is as quiet as possible. They claim it will have a total payload capacity of 250kg (550 lbs).
http://www.vaylon.fr/

Oh, spare me! $119,000 for a motorized hang glider? I'd say they were kidding but it isn't April Fools Day. It can't be flown in controlled airspace, is limited to daytime VFR only. You can buy two older Cessna 172 planes for that kind of money. It'll be in Chapter 11 before we know it.

Agree with PB. Plus it's high speed take-off and slow climb rate did not encourage me any.

Need 2, 4 passenger model & backup chute for use & to rent & add pontoons for amphib model alone Great for camping, hiking in mtns, beaches, riverways] Apps for: Firefighting Security. mapping tourism Sales

@Milton, the point is: after you take a 10km hop in the air, you've got a ground vehicle with you; after you've trekked 300km overland and come to a 5km obstacle that your ground vehicle can't handle, you've got a STOL aircraft with you.
$119K must be taking the development (mostly certification and licensing) costs into account with a small projected sales volume (safe bet at that price point!)

This thing has future military application written all over it. For hobbyists, the market is probably rather minute, but as a multi-use recon vehicle with personnel that can run across any terrain, I can't think of any singular vehicle that can match this.