SanDisk today announced their support of Transflash - although in a somewhat backwards way. They have announced a new product offering called MicroSD - which happens to be identical to and “backwards compatible” with Transflash. The big news here is that they have doubled the size of the thumbnail sized memory cards. A 512 MB card is expected to retail for less the $70 and be available next month. Perfect timing for the supposed iTunes phone from Apple and Motorola. A 1GB and 2GB version are both in the works and should be available in the next year.

Read More | Sandisk MicroSD Press Release