magento 1.9 Why is my wish list limited to one item?

This is an out of the box feature, you do not need to edit any core code to fix this.

I had the same issue, and found it was from an improper import of products and website availability to be correctly set.

It seems that Magento added a website filter on wishlist collection to prevent items not available in website from appearing in customer wishlist. It also seems that items may not have a website value => that makes the wish list items not appearing (or just 1 item, the last one added).

How to fix it : Simply select your store products on catalog page, select ‘Update Attributes’ action and click on submit. Select Websites panel and check your website in ‘Add Product To Websites’ block. Reindex your data if necessary.

You can now add your products to your wishlist and see all of them in your wishlist. This is the proper solution and does not remove functionality from your Magento webstore.