This is the EU next generation telescope a 10m telescope. You cannot imaging how big this telescope is. Each of the red support beam is about as large as a fully grown man. Theorically it should be finished by 2006 and you can expect some great science and outreach material coming from this telescope. And the "scariest" thing is that we are planning now 100 and 200m telescope. I do not belive we will really have them on the time table they give but even if in the next 30 years we get 20m telescope which would be amazing for Astronomy. Not as good as a thousand HST (hubble space telescope) but it is still a great news.