I did a search on this AFAIK and all that comes up is some dictionary by this name and some other irrelevant things.
AFAIK means "As Far As I Know." xD
Yes, the installation procedure is the same as it would be to a USB stick, except you need to find out if your system can boot from SD. As far as I've seen, there really aren't any, but feel free to refute that with hard fact!
"People should better think of their computing devices as facilities lended by the DHS." -Berke Durak, Linux wipe (secure file deletion) development.