Europe has just begun the long process of sending the Galileo system into orbit (30 satllites all in all)
While it may take several years before the aviation industry can have practical use of it, I still think it can mean a small revolution.
It will be more accurate than GPS, which means that in theory it will render the ILS obsolete. We're talking accuracy of <1m.
and because of the accuracy, even more aircrafts can take the skies (if the authorities allows) 8)