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High Speed
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How about a high speed train from New York to Chicago?
China is building a high speed train from Bejing to Shanghai which is a little bit longer.
When completed the trip is to take about 5 hours.
@Nick: The old question of demand vs. supply or "what was first: chicken or egg?"
Who wants to travel with trains that are comparatively slow (if they exist, in the first placel)? Wouldn't there be more people willing to use trains if ther was a convenient railway-network?
As for travel times: Modern high speed trains have top speeds of more than 200mph - so New York-Chicago would be around 4 hours. From city centre to city centre!
The flight might only take two hours, but airports usually are not located directly in the city. Also add time for checkin/checkout...
Another advantage is the trains possibility to pick up passengers under way, that would otherwise have to travel detours.