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The Hiller Flying Platform is what first got me interested in personal flying machines, which led to my interest in hovercraft.  This was invented clear back in the 1950s, using a ducted fan shroud and two counter-rotating propellers.  It was steered by the pilot just leaning his body in the direction he wanted to go.

http://www.hiller.org/flying-platform.shtml

Here's a video of it flying:  http://www.youtube.com/watch?v=MwhBWxc0SSM&feature=related

Today they even have jet powered ones 

http://www.youtube.com/watch?v=bOVh-vlUius&NR=1