David Riley wrote:
  I guess it's possible... does SmartMedia format as
FAT[12|16|32]?  A lot
 of DOS "unerase" programs might do the trick if the camera just blows
 away the header blocks of the filesystem; often times the directories
 are left more or less intact. 
On my Canon the firmware always seems to store files as contiguous blocks -
when I accidentally erased its card once, I wrote a quick bit of code that
would scan blocks for JPEG headers and copy the data to separate files on
disk.
So long as the OP's camera doesn't fragment files, I expect a similar
recovery would be possible even if some form of "undelete" tool won't work.
(I don't know if I still have the code I wrote, but I can hunt for it if
needed)
cheers
Jules