The last I heard about Galileo - admittedly quite a while ago - it didn't look like a starter. The word I had was that the French were looking for contributions from other EU member States to get it off the ground, so to speak. The thoughts expressed to me suggested that most other EU partners weren't happy to part with the serious sort of money that France was looking for, especially as GPS already exists and is free, albeit with the sort of limitations and reservations that have already been expressed in this thread.
Has the situation changed in respect of Galileo in the last 12 months?