The ever reliable (for leaks) website of the French printed magazine Chasseur d'Images is running a news article about the death of SmartMedia to be replaced by a new card called the XD Picture Card. According to their article this new card will be considerably smaller than SmartMedia, about the same size as an SD card and stiffer. They say that the card will be available in capacities of 128, 256, 512 MB and up to 1 GB with 4 and 8 GB a possibility. The card appears to be manufacturered by Toshiba and doesn't contain a controller chip (just like SmartMedia).
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from Shades of Blue in Nature