It is possible to use a 128Mb MMC with the MM-FX500, but the card has to be formatted on a PC. I did it using the fdisk command on GNU/Linux. The Aiwa expects the card filesystem type to be FAT16<32Mb, so using a usb flash card reader I changed the partition on the card to type 04 and then reformatted it as FAT16. About 125Mb is then available to the Aiwa.
Paul Howard, February 2006