daz - you have a point, it is possible that FR may start up this summer.
However, with Cimber Sterling, Norwegian and Transavia as LCCs already with bases at CPH, I'm not convinced there is really sufficient local demand for 4 locally-based LCCs, all paying hefty fees until at least 2010. Oh yeah, and there's a rather large network airline called SAS with a big hub as well.
Something somewhere has to give....