I was wondering when this will finally happen, as it is something I anticipated years ago.

But then again, $200k seems a bit steep for a sized-up quadcopter with a cabin...

This Hover Bike thingie promises similar for much less (around $48k)...
It is essentially a dual propeller hovercraft. Early specs I read somewhere talked about 170 miles per hour travel, and max altitude of 3 km / 10k feet. Perfect for avoiding rush hour traffic. :)

I don't think a lack of cabin would be perceived as a big minus (safety wise at least - you are dead anyhow if you drop from few dozen meters or higher), and you wouldn't go fly in bad weather anyhow. But it might have a strong appeal for motorcycle drivers...

Can't wait when their webshop at http://www.hover-bike.com will start accepting orders...

Would you want one?

I am wondering whether countries will ban usage or insist on having a full pilot's licence :)