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I read that the technology is not there yet for flash cards bigger than 16gig or something, thats why they can't make them larger.
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32 gigs of flash from March 2006:
http://www.reghardware.co.uk/2006/03...g_unveils_ssd/
64 gig CompactFlash card from Sept 2006:
http://www.engadget.com/2006/09/11/s...ctflash-cards/