WP8 and SD Cards

I can't find the answer to this anywhere, so I had to join to ask. Does anyone know whether WP8 will have the ability to reformat SD cards that were previously installed on WP7 phones? I have a Samsung Focus with a 16 GB card, and saving some money by buying a 16 GB phone and installing my 16 GB card may be an attractive option for me, personally.

Thanks!