(NASA) NASA engineers unveil plans for the "Puffin," the aircraft would take off like a helicopter and fly like a plane. NASA has spent about $500,000 on the Puffin, which was developed in partnership with Massachusetts Institute of Technology, the Georgia Institute of Technology, the National Institute of Aerospace and M-DOT Aerospace.
Aircraft Gets Personal with NASA Puffin
Delicious Reddit

FEBRUARY 02, 2010
Irene Klotz, Discovery News

What takes off like a helicopter, flies like an airplane and makes about as much noise as an electric car?
The Puffin, a prototype one-person aircraft that is part of a broader NASAinitiative to develop technologies for personal air travel.
Read the Discovery News story: http://www.msnbc.msn.com/id/35197548/
Discovery News: news.discovery.com/tech/