After looking at the output of cardtl ident and playing with hostap_cs, I was finally able to get OZ to correctly identify my Netgear MA701.
/etc/pcmcia/hostap_cs.conf
card "Netgear MA701"
version "NETGEAR", "MA701 Wireless CF Card"
manfid 0xd601, 0x0002
bind "hostap_cs"
Although this allows my card to be properly recognized, it is still flaky and drops connections constantly.
I have tried using
/etc/pcmcia/hostap_cs.conf
card "Netgear MA701"
version "NETGEAR", "MA701 Wireless CF Card"
manfid 0xd601, 0x0002
bind "orinoco_cs"
instead of the previous, but the same connection problems exist. I think my card is crap as other people have observed. Doesn't help that the plastic case around the anntena is broken I guess.
Jim