SPI Flash capacity and speed

fungus:
8 bits = 1 byte

bratan:
will 108Mhz flash work with Arduinoish ATMega MCUs that runnin at 16 Mhz?

Yes.

Thanks! One more question, does Serial Flash IC (i.e. something like this) have speed comparable to regular SD Cards? I wanted to see if it's feasible to read WAV files from flash IC with WaveShield library...