If I was actually planning on taking it with me on anything other than extended trips, I'd buy the Go. It's just smaller (genuinely pocket sized) and I wouldn't have to deal with carrying UMDs (not bothering with pirated games since I rarely play portable games outside my iPhone anyway).
The cost of the Go is a bit of a downer, assuming I'll have to buy any UMD games I already own, which is pretty much most of the games on UMD I want.
If SCE drops the Go price to $199, or offers something nice like a GT Portable package for $250, I'd consider it. Otherwise, I'll probably end up picking up a PSP3000 (or 4000 if it takes long enough) just for playing UMD games at home. I'd never actually take it anywhere with me if I was out for less than a week.
It really depends on which market demographic you're in.
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