They are small but Tarski-Grothendieck's  axiom has been added. that means 
that you can 
always find sets of sufficient size where all the operations you expect in 
set theory are available: 
powerset, union etc. So as I understand it, they are small but you will 
never notice it.

However it would be interesting to identify where being small matters.

I had tried to add an alternate definition where we could deal with not 
small categories  
but Norm didn't want it. It is reasonable to keep the system sound but that 
means there is no
way to understand precisely where smallness occurs precisely in the theory.

-- 
FL

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