That's great news!
I've been waiting for an announcement about Valkyrie Profile Silmeria for so long now. I'm just glad that it's going to get a euro release, even though 'late summer' sounds so far off (and knowing Square Enix they'll probably delay it even more).
It's nice to know that Square Enix haven't completely forgotten about their fans in the PAL/euro territories - I thought the VP games would go the same way as Front Mission 4 and Radiata Stories and not get PAL releases.