There's a new SDcard-based recorder comming from Edirol, that seems to give the M-audio MicroTrack a run for its money.

Basis specs:

# 24-bit/48kHz (or 44.1kHz) uncompressed recording
# Up to 320kbps MP3 playback and recording
# Records to SD card (64MB card included)
# High-grade stereo condenser microphone built in
# Mic and Line audio inputs; USB I/O
# Easy operation, user-friendly graphic display
# Ultra portable, half the size of the R-1
# Long battery life (AA-batteries)

Look here: http://www.edirol.net/products/en/R-09/

Hmmm, the stereo mini jack mic input, "reverb" button, and questionable industrial design place it inot my "suspect" catagory.