This is great news! Who would have expected Cloudflare to truly contribute to EU digital sovereignty.
On a more serious note, I'm surprised Cloudflare wants to pull out of Italy. Being a company which terminates TLS connections for Italy must be a gold mine for the NSA.
Yes, it is good for Europe that US tech leadership comes out in the open and share their twitter ramblings, so nobody can deny that their interests are not aligned with us.
Claiming to and following through are two different actions, lots can happen between the two.
Cloudflare and other US tech companies base business decisions on revenue (and apparently on emotion), not allegiance to government agencies that have fallen out of fashion.