oh yeah, the handlebars fold down and sideways, the seatpost can slide down or be removed. It uses the same adjustable parts from the excercise bike. The frame doesn't fold but its small. I can fit two of em in the trunk of a Dodge Neon. Here's one at the Ann Arbor bike show.
http://www.ann-arbor-bicycleshow.com...s/P4290073.jpg