I'm of no help to the printer, but as for cost's for prints/sizes, I'd like to suggest one thing (not a whole solution, but it may help).
Pull the numbers of how much they made on those Polaroid's, how much they spent and other things, figure up how much it's going to cost for you to run your whole get-up (printer cost/ink cost/ etc) and that should help you know how much it's going to cost you, thus how much you're going to need to make! Your get-up could cost more than the Polaroids set up costed, but who am I to know. Once you know how much it's going to cost you, now you need to know how your going to suffice for the costs. Look at printing companies and such, find out how much it is for each different size (ie. wallets/5x7/8x10/all those random sizes) and then add to the price (companies like QOOP would charge you 19Cent's for a 3.5x5 or a 4x6, 99Cent's for a 5x7, 2.99 for a 8x10, etc) a little since it's On-The-Go printing and right there, they don't have to wait. (Charging for convenience!!)
Best of luck on this job and have fun!
As Anne Wynne said above
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Don't forget that you need a backup camera as well as extra batteries. Also, you need to think about how you are going to handle the moms snapping away from the sidelines.
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You
definitely need to be able to handle the mom's/dad's who are on the sidelines snapping, and then they DON'T buy a print from you. Yes extra batteries are good as she said too, get a good sturdy tri-pod, maybe backup camera (as she said).
As Kirbinster said
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Assuming you are shooting and someone else is printing tethered should not be an issue, just use multiple SD or CF cards, have them numbered and just swap out after every kid or every 5 kids or whatever works time wise.
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I agree, you should just have multiple card's, and swap them out. When you have some offtime (slow times when nobody is there, or breaks, etc) whipe the cards of the kids you did hours ago. You don't even need big cards, you'll be taking a few photo's of the kid, not 5000. Get a few 2GB's maybe some 1GB's+ your normal memory card for every day use. You don't really need tethered, or auto prints (why waste the ink, especially if they're not guaranteeing you they are going to buy one) so you don't need to worry about that.