For $14.99, it's tempting to just get it and pick it apart, no?
Alternative to SmartMedia floppy adapters, perhaps it would accept a 2.88 floppy drive unit (not sure about size, but maybe from an IBM laptop)?
Guess it's probably too much to hope to hack into a simple cheap TV output unit, but how about some sort of direct floppy cable interface? Perhaps install the unit into a desktop and send data to it from within, say from a virtual drive of less limited size than 1.44MB?
I'll say it again, despite the potential for failure: "seems like there must be SOME way to make it work..."