My dream water car comes true, when will the destinated air water car appear? :P

You're looking at the fastest, highest-performing amphibious vehicle ever built. The Python jets along at 60 mph on water, and on land, goes from 0 to 60 in 4.5 seconds. Oh, and it's actually now available for anyone to buy.

We've seen initial prototypes before, but this final version looks amazing. It's likely built on a Dodge Ram base, but as you can see, the custom fiberglass body has a tail styled like a Corvette. Better yet, it actually uses an aluminum Corvette LS engine on land, too. A rear Dominator jet handles amphibious duties.

Certain to draw all kinds of attention (bikini-clad, and otherwise), WaterCar is selling the Corvette-powered, fully assembled Python for a cool $200,000.
Ref: http://www.watercar.com/limbo/index.html