The last time we heard from Vmedia, the company was on a quixotic journey to bring Minidisc-like optical video disks to cellphones in India -- and while we haven't heard anything on that front since, the company is back with plans to place its tiny 1GB disks inside netbooks, MIDs, and dedicated USB drives. If this just sounds like SanDisk's futile SlotMusic initiative with weirder proprietary hardware and no installed base of readers, congratulations, you can identify terrible business models. Vmedia says that it'll succeed because SD and microSD don't offer consumers a standard set of codecs, while you'll
