I've owned two of them, an RX Beaver on amphib Full Lotus floats and a Ridgerunner on straight aluminum floats. Great flying fun without all the regulations, at least in Canada. I would suggest that before you buy, you get some seat time in one to see if it's for you and line up an instructor. Many flight schools provide introductory flights. And keep in mind that although they are not regulated as much as other planes you do have to learn how to fly and more importantly how to land! Ultralights provide the flying experience safely and economically with some restrictions of course. I personally loved sightseeing from about 500 feet, something you only get in other aircraft as you are climbing to or descending from altitudes where you don't even have the sensation of height! Good luck and happy landings!^^^^^^^^^^^^^^^^^^^^^^^
I'd been wanting to get my pilots license for YEARS now and am getting to a point where I may just do it.
But, what to with it once I get it? I'd been budgeting about $7-10K to get the license, but then again that amount of money buys a lot of airline tickets.
It seems like that new "Light Sport" license may be a better way to go for practicality-wise for me... but my analogy is such.... "why spend $1500 for a Blast, when an XB is about $1000 more all day long?"
Don't forget, you can also build your own plane and although you would have to get a pilot's license, you could do all the annuals yourself, just make sure you know what your doing and that you indeed do it.
Don't mess with those silly welded wings, come to the dark side...