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Arthur C Clarke's third law comes to mind - certainly that's my old mum's reaction when I wave the postage-stamp size card at her and say "there's two thousand photos on that".
'Moores law' (Gordon Moore co-founder of Intel) calculated in 1965 that computing power will double every two years. It's accepted that this is still the case.
See also the 'back half of the chessboard'
When the power is doubling every two years, the doubling that is happening now and next is enormous
http://thinkprogress.org/yglesias/2011/11/17/371098/the-back-half-o...
This piece from the other year, about the tech on SD cards, is very illuminating (and shows why you should be careful about which brands you buy): http://www.bunniestudios.com/blog/?p=3554
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