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I'll trust it when I see a video of some dude driving it 'casually' down the road.
Until this, I'm with Maestro as fan driven flying machines are unstable without massive computer power behind them. And 173 MPH on something with no aerodynamic control surfaces? That just sounds scary, like riding on a rocket. I also don't see any real landing assembly to absorb the impact, so I would guess it's just a concept.
Still, if it works... looks pretty damn cool.
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