You don't have to wait that long. Go to gbax.com or lik-sang.com and order a Japanese PSP now. Even when the games come out over here they will all still work and if you get a Japanese PSP the UMD movies will even work that are released here too.
I'm not sure if you can use online update with a Japanese model in the UK but you can just flash the PSP using a downloaded image.
Do you think £30 is too much for PS2/Xbox games? I think you are judging the quality and size of PSP games on the fact it is a handheld and you maybe have the GBA (and dare I say it the DS) in mind. Take it from me, I currently have five PSP games and £30 is definitely worth it because, when done well, the difference between PSP and PS2 version of a game would be minimal.
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