We first blogged about Flying Beds just over a year ago with their Euro flying beds. Although not as sleek as the Euro Flying beds, the Sarasota bed provides a home theater by day and restful retreat by night.
The concept with this wall bed is straight forward enough. The folding portion houses the TV and all the necessary cables, although everything we have heard discourages keeping a plasma or lcd tv in a horizontal position. That, along with the fact that your TV screen will be inches away from whatever dirt or dust currently resides on your floor would hardly provide for a good nights sleep.
It seems that repurposing a Euro flying bed to house either your plasma or lcd tv and figuring out a way to route the associated cables might be a more stylish solution, not to mention one that keeps your TV oriented vertically and further away from collecting things you will have to clean off it later.