ponz: I'm with Smyslov on this. Read the article. Think a bit more about it.
The claim is that masters have 100,000 opening moves memorized -- that's an average and it's not a requirement for being a master.
Reshevsky had a terrible memory for openings, but he could still reinvent the wheel over the board and function as a grandmaster.
I will say that the article is very hard to read and there are many questions I did not see answered.
I think they are double counting. For example the sequence 1. e4 e5
2. Nf3 Nc6 and now they give 3. a4 as a theoretical novelty. They say that 1. e4 e5 2. Nf3 Nc6 is knowledge. But I am guessing when they look at these hundreds of thousands of moves in various chess books they are often counting the same moves twice.
For example 1. e4 e5 2. Nf3 Nc6 3. a4 can be counted as 5 ply. [they are calling "ply" as moves.
However if you say the above is 5 ply then really
1. e4 e5 2. Nf3 Nc3 3. h4 is another theoretical novelty [it is really just a bad move but that is beside the point] The sequence is only 1 more ply and the ply is 3. h4
So the two sequences together should only count as 6 ply [not 10 ply]
This makes a big difference when sequences are longer. And almost all sequences are much longer.
If you count these repeat moves as different ply, then you could get up to 100,000 moves.
These masters definitely memorize a lot, like 100k. Even a recent example - read the front page Sinquefield cup article, and see how Hikaru Nakamura even admits he 'forgot' his computer preparation super deep into a Sicilian defense. When you're going that deep, you're def in the many thousands of variations memorized.