The reason Smartmedia was used could well have been cost. Smartmedia was specifically designed to replace floppy drives with minimal rework (it's file structure closely matches that of floppy discs). But this also means thats its capacity is inherantly limited.
It'll do me in my 3mp camera; I get 80 pictures per 64meg. I'd be a bit scared about using a mega capacity card as this might make me lazy in backing up the pictures and then the consequences of media failure are that much greater.
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John Allcock