I know there are quite a few PICs out there auto-sensing Z III or Z II. There are designed to work that way, Usually Z2 functionality is somewhat reduced and performance is lower.
However, designing a 'large' RAM card in that manner wouldn't really make sense as Z2 could only make use of a tiny fraction of the memory. As joetee suggested, including a way to use it for fast mass storage would somewhat make sense, but there are more common and much cheaper solutions available for that - why increase manufacturing and/or development cost?