Elon Musk teases June news on Hyperloop, his rapid transit system for the future(theverge.com)
theverge.com
Elon Musk teases June news on Hyperloop, his rapid transit system for the future
http://www.theverge.com/2013/5/29/4378468/elon-musk-teases-june-news-on-hyperloop-rapid-transit-system
The biggest challenge would be keeping the vehicle at a constant distance from the power rail, as aerodynamic disturbances (such as turbulent air) would destabilize the vehicle. I assume that his work in rocket control systems would come in handy for this.