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Back to the question, should we buy a PSPgo?
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Another thing to remember is that, in the future, there is no guarantee that you will be able to download games/content from the PSN using a PSPGo. Developers who post content to the PSN have to endure licensing fees and other costs, which means over time, games and other stuff will be pulled off the PSN. That in my opinion, further degrades the long-term value of the PSPGo.
Whereas with UMD's or other physical media, they will be available for quite some time on the second-hand market. That's just my perspective as a hardcore collector. As a fanboy, I will certainly buy one for its unique features, but not until its priced in the $100-$120 range.