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The PS2 has more than 10x the capacity of the PS1
The PS3 has more than 5x the capacity of the PS2
The GC has 10x the capacity of the largest N64 cartirdge
The Wii has more than 6x the capacity of the GC

Taking even the lowest number here, 5x 1.8 GB = 9GB = one hell of an expensive memory stick, even in late 2010/early 2011 when the PSP2 is released

Or, if it has 2 gb memory sticks, the PSP2 will not be able to have better looking games than the PSP, unless they want to reduce the length of the game from the length of PSP games like God of War