At times, I’ve felt like Segway is too easy of a target to make fun of.

The Bedford, N.H.-based company–makers of the $6,000, two-wheeled, battery-powered transportation device–was the butt of many of a joke on “Arrested Development.” And I assume that the TV program will resurrect all the one-liners and sight gags if that show ever makes it to the big screen.

I’ve seen Segways at airports and malls, and I’ve heard there’ a growing network of Segway Polo-playing teams, but they’re hardly taking over the world.

The latest criticism of Segway comes from none other than Paul Graham, co-founder of the tech incubator Y Combinator. You can read his post here.

I would have thought Graham would have too much on his plate to worry about Segway. Earlier this year, he relocated

Somehow, Segway managed to create a vehicle that’s even more ridiculous looking than its namesake product. The company, which has $175 million in venture backing, yesterday announced its partnership with GM to make what they call “a two-wheeled, two-seat electric vehicle designed to be a fast, safe, inexpensive and clean alternative to traditional cars and trucks for cities across the world.”

As someone who rides a different two-wheeled urban alternative to cars (ahem, a bicycle), I have to say this thing looks like it’d only make traffic more chaotic, confusing, and dangerous (watch a CNBC video below). It looks a bit like those electric auto rickshaws that add to the chaos of East Asian street traffic.

Of course, I have always been a bit of a skeptic when it comes to trendy consumer-facing companies. And at