Er, no, why would the space be that limited? Just make a bigger pad. http://en.wikipedia.org/wiki/One-time_pad
It wouldnt be impossible to BREAK, eventually you can brute force any message, OTP or no OTP. Yes it would take longer and longer as the size of the message grows because then the keyspace grows. The rub on the OTP is not it's security, it's the impracticality. In order to use a OTP you need to have a secure channel to exchange the given key for the Pad... if you have a secure channel to exchange the key, why not just exchange the message?
Sorry for a dumb question. Is it true that the key space is limited?? If so, why would the one time pad be impossible to break?