This has come up here recently.
My take on it is that the FCL proposal (out for some time now) has been commented on by a few thousand VFR-only people. Some don't like the proposal but my feeling is that there will be enough meat in it for the pan-European PPL to go ahead.
The IFR crowd, which is mostly FAA/N-reg, has seen the dreadful and utterly bizzare stuff in the FCL proposal on foreign reg ops (p159-161) and is waiting for the not yet published OPS proposal before they comment, for obvious reasons. And the OPS proposal has been delayed, for un-named political reasons.