On March 22, 2010, Capital Metro says it is finally prepared to launch the first passenger rail service in Austin since 1940 (Commuter rail poised to open in March). Very late, far over budget, and still very controversial, this has been a long-time coming.
For additional perspective, this very interesting bit of Austin's history appeared in the Austin American-Statesman today:
Mules? Jitneys? What a difference a century makes!