Or easier. Just look at acekard for NDS. Costs nothing (20 bucks is nothing), doesn't void warranty, can be installed and used by a 10 year old.
And even an USB 2.0 flash drive is gonna be faster than the bluray drive in the PS3, partially because there is no real seek time on such devices, and because 480 Mbit/s is still actually 60 MB/s (minus some overhead and crap, lol) (oh and there's USB3 too now, which would probably be easily available by the time the next consoles come out). It's the flash storage inside the USB drives that is the limitation on most USB thumbdrives, not the interface.
Regardless, the use of USB thumbdrives for games isn't likely. It'll probably be some proprietary interface, because those guys think security through obscurity works ;).
It would also be easy to make an USB thumbdrive read-only.
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