HOLY HELL!!!
I haven't played that game, so I can't say if its real or not... but.... wow.
I've never played a PSP game that took more than a minute to load. In general, I can't even think of a game that sticks out as having bad load times. They are there, but not bad, at least IMO.
I wouldn't let this stop you from getting a PSP... but I certainly wouldn't get THAT game lol