Ok, so my roommate got a PS2 yesterday, but the Wal-Mart we got it at didn't have any memory cards. No big deal we thought, we'll try another store. So we left today at 1:30 and got back at 5:00 empty ...
When I want to play a PSX game, I just copy it to the PSX card from the PS2 card, play, and then copy it back when I'm done. It works great, has no danger of data loss, and lets me carry all my saved ...