As described in the following press release (see here). The Italian government has confirmed that they will be moving forward on the construction of the high intensity electron/positron collider known as SuperB.
Expected to produce 1000's of B-Mesons and Tau particles every second this will allow physicists to study the very rare decays of these B mesons as well as study CP violation to a much higher degree of accuracy than previously possible.
The U.S. meanwhile is still holding in the background awaiting word if we will even have a say in the future of particle physics. With the awaiting word of the Tevatron extended run (see P5 report recommending the extension of the Tevatron here) and knowing that many of the components for the SuperB will come from the short lived PEP-II experiment at SLAC just reinforces that while the rest of the world is looking forward to the future of science the US is increasingly looking like it playing a "wait and see" game.
At least this physicists may end up having to look for jobs in Europe and add to the potential brain drain (all though in my case a very small drain) facing the US.