Q. Can the reverse also be true (i.e., the CF slot used for memory and the SD used for wi-fi, etc.?)
A. CF can be used for memory. There are no SD wi-fi cards on the market yet, but they are in the works.
Q. Also, does the option of having one CF or SD card with BOTH memory and wireless capabilities exist?
A. Currently being developed and will be on the market soon
Q. If so, is this the only alternative for those who want more memory at the same time as wireless access with PDAs such as the Palm Tungsten, which only has one SD slot but no built-in wireless access?
A. I guess so
Q. What is the difference between SD cards and MMC cards? They look like they are the same!
A. You are correct. They are the same.
more more info see:
http://www.sandisk.com/pressrelease/030109_wifi.htm