ParaJet Skycar V2: the Biofuel Powered Flying Car

I've dreamt about flying and I've dreamt about driving, it seems someone has took even my dreams to the next step. This road-legal flying car should be taking to the streets and possibly the air, come 2010. Despite being called a "flying car", with no video demo or picture of the ParaJet in action, I am skeptical to whether or not this beast can fly or not. I think I'll believe it when I see it.