SD card slots can take MMC Cards.
The SD card can be accessed via the MMC Card protocol (SPI based) or its own SD card protocol (the fastest, 4 bits parallel). (Actually MMC has it's own protocol. Some (most?) MM cards also support SPI)
See http://www.sdcard.org/ for more information. They make a subset of the specs freely available:
Also, SanDisk have some helpful information at http://www.sandisk.com/oem.html (the files below are hidden at the sandisc pages)