So all that means I’m feeling pretty inadequate right now. And why shouldn’t I? As CNN notes in their report on the latest invention out of Radio Flyer’s Chicago-based HQ, this thing has enough gadgets and gizmos to give the family mini-fan a serious case of penis envy.

First, there’s the aforementioned MP3 player and speaker system, meaning this could very well be the first wagon that little Timmy and friends will use to ghost ride down a cul de sac.

And when he gets tired of that, he can strap himself in to one of the two bucket seats using a five-point racing harness. At his fingertips will be a digital display panel, complete with temperature readouts, odometer and speedometer. Got a Juicy Juice sippy cup handy? No worries. The Cloud 9 has cupholders too.

“We approached this product much like an automotive company might with a concept car,” said Mark Johnson, Radio Flyer’s product development manager.

Should the Cloud 9 see the light of day, and there’s a pretty good chance that it will, the asking price will be somewhere in the neighbourhood of $US1,000. That’s a small price to pay to ensure that your son or daughter has the stuff necessary to crush the spirits of the other neighbourhood children and their parents. [CNN via Born Rich]

The car was designed by one of the professional print, web, and environmental designers attending a derby for charity put on by the Columbus Society of Communication Professionals–so it is not a true Pinewood Derby car. To be honest, I don’t think that this would even pass strict Boy Scout regulations. Nonetheless, it is a damn fine looking car and it appears to be up to date with 2.0 software. Unfortunately, we don’t know if this thing is truly state-of-the-art with 3G horsepower under the hood. [Flickr and CSArts via Make]