I think 2006 could be a decent year for RPG's in Europe. Well it couldn't be much worse that 2005.

As far as I know the following games are due for release this year in Europe.

Dragon Quest VIII (PS2)
Final Fantasy XII (PS2)
Atelier Iris : Eternal Mana (PS2)
Shin Megami Tensei : Digital Devil Saga 1 & 2 (PS2)
Tales of Phantasia (GBA)
Final Fantasy IV (GBA)
Tales Of Eternia (PSP)

I'm also hoping Radiata Stories and Rouge Galaxy made it to this side of the Atlantic this year as well. Won't hold my breath though.