STA013 Inferface

I am very new to the arduino, so I am not very sure of its capabilities. If I had an sd card hooked up as described here: http://www.arduino.cc/cgi-bin/yabb2/YaBB.pl?num=1206874649/0 , would it be possible to communicate with the STA013 ( MP3 Player, How To Use The STA013 MP3 Decoder Chip ) and play mp3s? Essentially, does the arduino have the ability to read from the sd card fast enough to communicate with the STA013? Thanks.

-Trv-