This is actually a quite advanced design I have seen from DiVinchi and other flight Designers.
How it works is where the pilot is sits stationary. The Blades rotate like that of a helicopter and by turning the blades slightly you can vector the thrust so you can go forewards, reversed, side to side, up, and down. You could even roll the aircraft.
Now it will work if you can get the right powerplant and torque for it, however the problem being the central fuselage might spin uncontrollably.
Still, I would fly one in a heartbeat.