Some games are under a GB and many are over. It is possible to hold many more games if they are the early PS games and still more than fifty of the largest games complete with add ons. I have used only half my 120 GB to hold a few dozen different games and a bunch more files from games on discs and photos.
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No you cant. sony playstation 2 games are very much so diffrent then sony playstation 1 games but out of all buddy my reccomendation would be the sony playstation 3
It depends on which PlayStation it is (1, 2, 3 or the portable one) plus the cost of each game.
Now you can pick them up for like $20
Game prices always depend on the game, but the Playstation Store prices are not often below retail.
Playstation does not call the internet service "Live" that is a Xbox user term. The Playstation Network or PSN allows most games to be played in a multiplayer with or against other individual on the Playstation Network. There is also the new Playstation Home that includes other people and is much more than a single video game