Smart card is today the most widespread secured portable computing device. Four years ago, we addressed the problem of scaling down database techniques for the smart card and we proposed the design of what we called a PicoDBMS, a full-fledged database system embedded in a smart card. Since then, thanks to the hardware progress and to the joint implementation efforts of our team and our industrial partner, this utopian design gave birth to a complete prototype running on an experimental smart card platform. This paper revisits the problem statement in the light of the hardware and applications evolution. Then, it introduces a benchmark dedicated to Pico–style databases and provides an extensive performance analysis of our prototype, discussing lessons learned at experimentation time and helping selecting the appropriate storage and indexation model for a given class of embedded applications. Finally, it draws new research perspectives for data management on secured chips (smart cards, USB dongles, multimedia rendering devices, smart objects in an ambient intelligence surrounding).