This for sure will provide a great boost in speed for my JungleDisk backup. I am now checking out what I have to do to get my data moved to the European data centers. I suppose I have to re-upload everything because you have to specify for each bucket if it is located in the USA or in Europe. JungleDisk at the moment does not provide support for this. I opened a topic regarding asking if they’ll support this in the near future (article1, article2).
It’s also interesting to notice that storing data in Europe is more expensive. It costs $0.18/GB/month as compared to $0.15 in the US. Bandwidth at the moment do not differ based on location. So I’d only switch if the upload/download speed is significantly higher than to/from the USA.