Yeah, this is true

Since I mostly play Wipeout on my two PSPs I will probably be converting both to a PAL land account-- which will allow me to buy PAL Pure (already have the UMD version) and obtain the DLC for Pulse (I have the UMD but no DLC).

IIRC Wipeout 2097 and Wipeout 3 have both been submitted to the game rating board in PAL land. So with luck, essentially every Wipeout game (minus Fusion and WOHD) will be play-able on a PAL account PSP within a years time or so. For a primarily handheld gamer like myself, that's all pretty awesome