Obviously, this has already been put to the test.

That said - it seems to me that a revisit might be in order. The reason is this:
http://www.livescience.com/com...091013_dyson-airflowThe problem with the design Adam and Jamie used before was the weight. They just couldn't generate enough lift to offset the weight of the device. I think that Mr. Dyson might have just solved this issue.
They guys paid some unknown amount of money to get custom propellers made for the dual fans last time, right? Let's say you ditch the fans, remove the long crankshaft, and instead hook and impeller up to the engine (or entirely replace the engine with a proper impeller?), and run ducting up to the two rings which are now replaced with hollow "wing shape" plastic/fiberglass matching Mr. Dyson's shape - probably want to ask for permission first.
If his claims are accurate, you're going to get *much* more lift for the weight, and you might actually succeed this time.

Now - whether the average joe could take fiberglass and fabricate a pair of rings like that is debatable, but at first blush it actually doesn't look too bad. Some wire guides and cardboard might do the trick. I wouldn't expect it to get max thrust without proper R&D, but I figure if you ask nicely - you can do your own, then for your "ramp it up", ask Mr. Dyson for a "properly made" pair of rings.

Dunno - I realize the original myth was whether someone could do this themselves. I think from the first myth it was a matter of:
1. Vague instructions.
2. Not enough lift.
The instructions can be clarified, and the lift issue - that's debatable. If I'm reading/seeing this right - I'd say for the minimal effort required (easy for me to say, right?) it can't hurt to try...