Update: It's now official on the Motorola Germany (and english language Western Europe) website where it lists Vodafone and O2 as local carriers. Italy now too, on an unspecified carrier. Oh, and it also lists "pinch and zoom" as a feature not found on the Droid. See for yourself after the break. It's carrying a public price tag of €481.
Update 2: As noted by a few readers, Milestone will ship with MOTONAV turn-by-turn directions, not Google's Maps Navigation.
[Thanks Vincenzo, Peter B.]