LS-120 drives were floptical drives that were backwards-compatible with 3.5" 1.44MB disks. IIRC you needed special media to use the 120MB capacity, but the same slot could accept the common 1.44MB disks and give you much better performance than normal floppy drives. The successor LS-240 drives also had the ability to write 32MB to a standard floppy disk using shingled magnetic recording.
If Zip disks, CD-R and USB flash drives hadn't showed up, these drives would have been pretty widely recognized as the next generation of floppies.