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How would a 10,000-15,000 rpm hdd compare to the 266 CF?
Prety close, but be aware high RPM HDDs consume more power than slower HDDs.
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Will any CF card work as a HDD? I found this one here, thats a lot cheaper than the other ones I saw.
Yes I believe any card will work, but per the above for best/acceptable preformace you want one that supports UDMA mode.
That Adata one is prety slow. Adata's line is:
Speedy - slowest
Super - medium speed (80x)
Turbo - fastest (120x - 266x)