Van’s Aircraft indicates they are in the final phases of flight testing their new entry, the RV-12, into the Light Sport Aircraft (LSA) category. This is a new regulatory category of aircraft that has resulted from some new thinking about what is necessary and sufficient in terms of the regulation of homebuild light aircraft. The new category relaxes certain restraints on operators of homebuilt aircraft.
The new regulatory requirements found in the LSA are welcome to those trying to enjoy aviation on a budget. The video below shows an interview with Dick VanGrunsven, founder of Van’s Aircraft.
Lamentations on Chemistry 
I’m curious. Does my home-owner insurance cover one of these folks slamming into the side of my house? Or must they carry insurance?
I don’t think there is an age limit for flying, right? So a 14 year old can pilot one of these things.
-seriously dubious
I think only dubious people are banned from flying light aircraft.
\;-)
When I was in high school (NJ), one of the people in my year was working towards his pilot’s licence, and I’m pretty sure there was a lower limit (17?).
Of course, considering the stupidity of lots of drivers, licensing will not be much protection against airborne morons (though pilot’s licensing is expensive, and might help).