Into the future with GAIA
  The GAIA space observatory was recently approved as Cornerstone 6 of ESA's science program, to be launched no later than mid-2012. It will provide a stereoscopic and kinematic census of about 10^9 stars throughout our Galaxy (and into the Local Group) complete to V=20 mag, amounting to about 1% of the Galactic stellar population. Combined with astrophysical information for each star, provided by on-board multi-colour photometry and (limited) spectroscopy, the positional and radial velocity measurements will have the precision necessary to quantify the early formation, and subsequent dynamical, chemical and star formation evolution of our Galaxy: GAIA will establish when the stars in our Galaxy formed, when and how the Galaxy was assembled, and how the dark matter is distributed. The GAIA data will also allow detection and orbital classification of ~5 x 10^4 extra-Solar planetary systems, provide a comprehensive survey of 10^5-10^6 minor bodies in our Solar System, of galaxies in the nearby Universe, of some 5 x 10^5 quasars, and will test general relativity and cosmology. 
P.T. de Zeeuw