Hi, John. Yes, it is possible to use your own memory card to install CoPilot Live 7.
FYI: Activation is required on this program, and it will work on your new memory card since the license is not locked to any memory card. However, if you wish to change your PDA / phone, you must first de-activate your activation (thru the registration/activation page at alk.com) before you could re-activate it on a new device.
Hope this helps.