I just came across this new Puma Folding Bike . Looks pretty cool at a decent price.
From the website:
Puma, Vexed and Biomega teamed up to create this highly functional, yet totally minimal bike. I had the chance to try it out last week and was pleasantly surprised. I was expecting the looks would exceed the comfort and function. As it turns out, they're evenly matched. This team has managed to create an urban apartment friendly, folding bike that rides like it has a regular single piece frame. With one gear, oversized tires and upright handlebars, it's perfect for conquering city streets.
The Puma Bike will be produced in limited quantities, is available in black or silver and should be available in May 2005. It will only be available at Puma stores and will retail for $775.