Terrafugia's  Transition flying car debuts at the New York Auto Show, and this morning it made a special pit-stop ahead of that big unveiling. The four-wheeled vehicle with its folding wings appeared on ABC's "Good Morning America" in Times Square.

Of course, it didn't fly into the city, but GMA's George Stephanopoulos did get to sit in the cockpit.

Terrafugia also announced that the car is a "step closer to being a commercial reality." The prototype Transition completed its first successful first flight in Plattsburgh, New York. It also completed the initial drive and conversion testing. A video of that flight can be viewed  here.

The Transition has two seats and can be parked in a single-car garage. The company says that the $279,000 vehicle-turned-airplane will be on sale by the end of the year. If you feel like checking it out before shelling out that cash, it will be on display at the New York Auto Show starting on April 6th at the Javits Convention Center in New York.