No, both standard SD and SDHC cards have suffered corruption to the point where they cannot be formatted in any device using any known software.

It's likely that you won't be hit by the bug but the possibility does exist so I would advise caution for the time being and use only the cheapest card you can afford to lose. While most reputable vendors and manufacturers will replace "faulty" cards, it's going to be a pain to replace them unless you buy from a local bricks & mortar store.

Nokia have stated they are aware of the problem and are on the case looking for a solution, but it may take a few more weeks of collating details, debugging and thorough testing before any fixes become available.

Thoughtfix - he's a one man blogging machine!