A remarkable number of engineer/entrepreneurs have sprung up attempting to offer devices that solve it. Here are some highlights of what I've found:
Segway: easy to ride and reasonably fast, but expensive, and worse, much too heavy (100 lb) to pick up and take on a train.
YikeBike folding electric bicycle: looks not too hard to ride; a little slow, perhaps, at 15 mph. A technological marvel (anti-lock brakes!) but correspondingly expensive ($2000 for the 31 lb model, $3800 for the 24 lb carbon fiber model).
Conscious Commuter folding electric bicycle: this is a very nice-looking design whose development was recently funded on Kickstarter (http://www.kickstarter.com/projects/1585753369/folding-elect...). No specs yet, but looks extremely promising.
Trikke EV: a very creative design. Looks fun to ride, but a little heavy for this purpose (38 - 46 lb depending on model) and not particularly fast (13 - 16 mph).
Metroboard electric skateboard: reasonably fast (20 mph) and extremely light (~20 lbs depending on model). I have one of these and it's an impressive piece of engineering and fun to ride, but it does require substantial athleticism and, uh, a certain risk tolerance. Not a mass market product.
If those aren't exotic enough for you, a number of people are working on self-balancing electric unicycles (!!).