A personal gyrocopter-like flying car would definitely be a luxury vehicle. Flying is still pretty expensive compared to just rolling on the ground. Only the wealthy would be able to afford such quick, direct travel. But then again, I see telepresence hardware as the thing that takes over as the mode of "transportation" for the wealthy businessmen and women. Why would you need to head into the city to attend a board meeting when Cisco would have a VR system ready to go in your home office? Sit at the desk while multiple cameras create a 3D representation of you. Your colleagues' images are projected around you so it appears as if everyone is in the same room. Motion tracking knows where your eyes are looking and where your head is facing so the images shift according to your viewpoint. Get up and give a presentation standing in front of your desk and get your virtual place in the room shifted to the front.

Everyone can hear you, see you, and most importantly, see your body language. Go a little further with hardware power and have the computer place clothes on you. Wear a ratty tshirt in your home but wear a nice Armani suit in the meeting. Some of this tech is here already but just nowhere near as fast as it would need to be to achieve perfect, virtual telepresence.