Ok after a little more searching. From the Dpreview site
"The 4GB card is CompactFlash Type II and requires the host camera to support the FAT32 file system. Most digital cameras today support the FAT16 file system, but the FAT16 system only supports data up to 2GB. All CompactFlash cards above 2GB require the camera to support the FAT32 file system. Compatible cameras include Canon Powershot G3, Canon Powershot G5, Canon Powershot S45, Canon Powershot S50, Canon EOS 10D, Canon EOS-1Ds, Kodak DCS 720X, Kodak 760, Kodak DCS Pro Back (all models), Kodak DCS Pro 14n, and Olympus E-1. Most higher-end camera models being introduced today will support the new FAT32 standard. More information about FAT32 and a regularly updated list of compatible cameras is available at"
link
Unless I am mistaken it looks like this problem was taken care of in firmare update 1.03
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