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Here's a rough estimate of Meowth's brain capacity (IMO): 80% human behavior (talking and walking like one), 10% Pokemon instinct (to the point when it can understand and translate Pokemon language) and 5% battle capability.
But at least it gets easier with practice. Even then, it might take up around 40-60% of our brain capacity (or maybe a bit more in the case of Meowth).
I do remember reading that up a while ago on Bulbapedia. But I can't help but wonder why Meowth can't learn both abilities (talking and Pay Day) at the same time.
Actually, hold on. I looked into the starter confirmation thread here earlier and it was closed by Forever; she said that the starters aren't confirmed yet. Sorry about bringing your hopes up with that one.
For some real news: Isshu is based on New York (my guess on what it was based on was right).