I have some Sandisk M2 16GB cards that I just bought from amazon for about $16 each. They write at a very slow speed which is still adequate for recording up to 24/96, and they transfer (read) at a faster rate, but still very slow. When I tried to copy files onto them (using a pro-duo adapter also from amazon - bout a buck and a half, free shipping) it went REALLY slowly.
So I'd say from experience, to stick with the more popular MicroSDHC. Yes they make Micro SD that's NOT HC, I still have my 512MB that I got for my phone in 2006, and it works in my M10, but not for very long!
The original SD spec goes up to 4GB but not many 4GB cards were produced before the HC spec was available, so you'll mostly find 2GB and below lacking the HC (High Capacity) designation.
The HC spec is for SD and MicroSD cards 4GB - 32GB.
There is now an SDXC spec that goes from 32GB up to 2TB. Yow.
http://www.sdcard.org/developers/tech/sdxchttp://en.wikipedia.org/wiki/Secure_DigitalAlso, just to note, it does not seem to freak the M10 out at all if you change cards with the power on. I would not try it while recording, however...