As a young PUG, we've missed the deadline last year. We're in this year !
The room schedule can be followed here: http://www.fosdem.org/2007/schedule/devroom/python
A lot of interesting Python-related conferences (and Zope as well) will take place, and a few sprints will probably be organized as well.
So if you are in Europe, not attending to PyCon, the FOSDEM is the place to go to !