Today Microsoft announced that the EU will be getting a version that will not contain IE and because of this
Microsoft will be offering no upgrade option in the EU. This harsh line comes as somewhat as a surprise that all EU users that wish to upgrade to Windows 7 must buy a full copy. There is a silver lining to this announcement and it's that the full price of Windows 7 will be at the equaliviant price to the upgrade option. But as history has shown us the prices in the EU are generally more expensive than of those in the States so the savings of picking up an EU copy may not be all that attractive to those who reside in the US.
However, as a result of not having a retail upgrade option, EU users will be unable to perform in-place upgrades of Windows Vista to Windows 7. Microsoft says they expect to have a dedicated Windows 7 E upgrade SKU available before December 31, 2009.