Just saw this on geeky-gadgets, looks good :)
Here is an early prototype video; project page at kickstarter.com (http://www.kickstarter.com/projects/jkg/quadshot-an-aerobatic-blend-of-rc-helis-and-planes) has more info and better video.
http://www.youtube.com/watch?v=E4b-uiWa1aE