This weird thing is a 1.2kW electric motor powered, carbon fibre foldable bike called the YikeBike. It's real, unfolds in 15 seconds, and aims to solve the eternal problem of urban mobility, and probably become Woz's favourite new toy.
Folded, the YikeBike only takes 6 x 23.6 x 23.6 inches (150 x 600 x 600 millimetres) and weighs 10kg, so it can be easily carried around. And while its pneumatic wheels may follow an old high wheeler configuration, according to the manufacturer, this thing is designed to be easy to manoeuvre, and it's equipped with electronic brakes with built-in anti-skid system.
Would this thing succeed where the Segway failed? Sadly, at $US4900, I have a very bad feeling about it. [YikeBike]