At US$1,050, the new 16GB SanDisk CompactFlash isn't for everyone. Still, if you are the target market for such high-capacity (read: Expensive) memory cards, you probably won't give a hoot about the price tag that comes along with it.
According to SanDisk, the new card has a minimum read/write speed of 20MB per second and will ship in December. If you don't have that much cash, you can opt for the 12GB card which will cost only US$780.
The company also announced a 4GB Ultra II SDHC card with a read/write speed of 10MB and 9MB per second, respectively. A Micromate USB 2.0 reader will ship with the purchase and you can expect the card to be available in October.