The WowWee Dragonfly first appeared in December. Now the remote controlled insect is shipping exclusively from RadioShack.
The FlyTech (not sure why RadioShack calls it FlyTech and not Wow Wee) RC toy flaps its wings like a real dragonfly. The 2-channel control allows yout move the R/C flying insect to move up, down, left and right.
To make flying easier you can attach a tail stabilizer.
The DragonFly sells for $49.99 on RadioShack.com.
See also Robotsrule for some background information like the fact that the Dragonfly was invented by an student named Sean Frawle. WowWee bought the rights to it.