Image: Kickstarter
We may have been promised jetpacks, but at least we got 
flying bicycles. John Foden and Yannick Read recently won themselves a 
slice of blogospheric fame by unveiling the Paravelo, a sort 
of bicycle/parasail hybrid that can reach heights of 4,000 ft. That's 
three-quarters of a mile. In the air. By bike. 
Foden and Read claim that the Paravelo can take off from 
any open space, travel 15 miles per hour on land and 25 mph in the air, 
and is intended both for "door-to-door" use (it folds up to fit in your 
home or office [!]) and for camping. It comes with a built-in tent. 
The inventors are currently looking for a last round of funding to finalize the design, so, naturally, they've launched a Kickstarter campaign.
 They're only looking for £50,000, so I'd say the prospect of seeing an 
airborne bike soaring over a sky near you is a pretty good one.

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