Your're correct about the limitations in GVM: The current version can't access the cards (except through the 'install' function in the launcher, which can copy .prc and .pdb files to the GVM itself). It also can't access BlueTooth directly (only indirectly, if you use BT as networking in the N8x0. GVM sees the network).

Those limits should be pointed out to anyone who's interested in GVM as a Palm replacement. If you favourite Palm apps need to read or write to SD, or use BT directly, GVM won't do.

Networking apps, on the other hand, work fine. So does almost everything else in fact, except non-m68k applications (there aren't that many). And AvantGo doesn't work (only the AGConnect part).