Just checked with the Mad Doctor, himself, and he said your assessment is right. The chip would have to be reformatted to work with the burner; only problem is that reformatting will erase the chip.
HOWEVER...
If you do decide that you'd like to play with the tunes on that chip, Bill can pull the files off, reformat the chip to your burner, and put them back on for a mere $25 + shipping. As the Joker said in Batman: "Where does he get those wonderful toys?"
Of course, we do recommend that you get the vendor's approval to play with his files.