Correct, I recommend NO less than 16GB to run all instances of my release simultaneously, "correctly" anyways...
However, there is a method (that I would HIGHLY recommend AGAINST) in which you MAY be able to run all instances (using a single 'instance' of GS) utilizing much less ram (you may be able to get away with 8GB or even 4GB =X
If you desire to try this method start the maps in this manner from the command line (You can start the whole server from pwAdmin, then just stop the world map, leaving everything else running -- Then use the following command to start all maps):
Code:
./gs gs01 gs.conf gmserver.conf gsalias.conf is01 is02 is05 is06 is07 is08 is09 is10 is11 is12 is13 is14 is15 is16 is17 is18 is19 is20 is21 is22 is23 is24 is25 is26 is27 is28 is29 is31 is32 is33 is34 is35 b05 house1 house2 house3 house4 house5 house6 z9 q20 arena04 arena01 arena02 arena03 jail bg01 bg02 bg03 bg04 bg05 bg06 > /PWServer/logs/gs_all.log &
Now if I am not mistaken, the real big downside to this method is, if one map 'crashes' they all come down! As where starting them all separately, if one goes down it doesn't effect the others, but ofc that is what uses so much ram. So you can weigh the pros and cons for yourself 
Add: I cannot entirely 'support' the above method; at least not in terms of stability or reliability. I also don't thik 16GB would be no $1000; but ofc that depends on what kind of slots you have. DDR3 is real cheap right now, and even DDR2 is not bad. I have purchased entire server machines with 16GB of ram already for like $100 I'll have to dig up that link now, GREAT machines AND they don't break the bank 
Add: here ya go dude, eBay FTW:
http://forum.ragezone.com/f452/found...ml#post6467445
keep your eyes peeled for something like that (look at the last link to the Sun V20Z) and you'll be golden! I know those are long gone (hell I personally bought 3 or 4 of those) but keep lookin and I bet you can find something just as good if not better...
Add: here, I even did some homework for you -- Since I am a 'fan' of that model the current 'cheapest' one on eBay is this one: Sun SunFire V20z 1U Server AMD Opteron 250 2.4GHz CPU 16GB RAM Rack Mount Unit | eBay if you can afford the approximately $260 (I don't think shipping for you will be much different, you're not that far away from me)... You'd have a complete machine with 16GB of ram & a 30 day DOA warr.