I think some of the arguments here are getting off-track.
From the ads I've seen, they aren't selling it based on being faster. They're claiming that it draws less power, or that it draws power more consistently. The idea is that portable devices have power supplies that aren't very well regulated. Since digital devices, including memory cards, draw current in short bursts at clock transitions, it's possible that the variations in the current draw of a memory card might cause voltage shifts or noise in the power supply which, in turn, might cause other components running off that same power supply to not work as well. They're claiming that their memory card draws power in a way that is "friendlier" to the power supplies in portable devices, and so will "annoy" their power supplies less - and that this will translate to better audio performance.
If you believe that using ordinary diodes in the power supply of an amplifier can create noise spikes big enough to affect the audio performance, which is the justification usually used for using fast-recovery diodes in power supplies, then this isn't much less reasonable than that.... (after all, a memory card has BILLIONS of transistors and diodes, many of which switch every time you read or write data).
From a purely non-technical point of view, when the clerk at the store where someone just bought an $800 portable music player asks him "whether he wants the good audiophile memory card or the cheap one", don't you think most customers will take the good one? (The trick is to make the difference between the $120 "audiophile" memory card and the cheap "regular" one seem cheap enough - in comparison to the total purchase - that they don't think too hard about it.) There are also going to be plenty of customers who just plain *imagine* it sounds better... and, as they say, "a sale is a sale". (And this isn't any sillier than the arguments Sony used in their early sales literature promoting SACD.)
(Personally I'm pretty sure that the effect wouldn't be at all noticeable on a reasonably well designed device, and that, if there is a device that is that sensitive to supply variations, it's going to have worse problems than what memory card you use. However, it's quite possible that they could find a few devices that actually do work better with their wondrous memory card - which would prove that it isn't 100% silly
. )