1. You can have as many games as you'd like, your only limit being the memory stick's size.
2. Burnout Legends works perfectly with UMDEmulator 0.8c, using System Menu. (System Menu mode takes you back to the PSP's menu, you then go to Game > UMD to play)
3. GTA: LCS also works perfectly with UMDEmulator and MPH's Game Loader, found
Here. (Again, use System Menu and it'll take you back to the menu, instead of picking UMD, run MPH Game Loader afterwards.
4. PSPVideo 9 does a good job of converting to MP4's... but, if you'd like, download PMP Mod (a homebrew app that plays PMP videos) and Videora PMP Converter (a PC app to convert videos to PMP format). Why?
MP4 videos on PSP play at 320x240 (the limit), while the PSP has a 480x272 screen, thank you Sony for crippling video playback from the memory stick. PMP Mod lets you play PMP videos, which are converted and play at 480x272... the PSP's native resolution. Giving you a much sharper picture with overall better quality. Take a high quality movie, and convert it to PMP instead of MP4, with a bitrate of 768, and what do you get? Near UMD video quality.
Sorry I don't have links to PMP Mod or Videora PMP converter at the moment.
5. Your welcome.
EDIT:
6. That's correct, no region lock on PSP games, just PSP's UMD movies.
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