Vdamiani, that looks good to me. the 5+ and GND should be connected to pins 1 and 4 respectively.
My solution was a tad different, in that i bought an SD card reader from ebay for 1cent (shipping from HK was killer, though). i supplied 5 V to the SD Card reader through a 9V battery with a 7805 Voltage regulator in the middle. My problem now, is that once i plug it in (FW is 1.28K), it says "Plug In Please Wait..." and the DEVICE tab never shows up. I'm not sure what I've done wrong.
One thing is that i noticed my card's file system was FAT. i reformatted it to FAT32 and I still haven't had any luck.
Are there any suggestions?
cheers
~zoops