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I don't believe having Can-Jam in Europe is viable, There's no-place that has a large enough local contingent and convenient enough to support one. It's why only a few areas in the US can hope to support a viable National Meet.
Agreed with Yikes. There are certainly a good number of Euro members, but you guys are spread out as much as we are in the US, and with less total members to draw from. Apart from the British meets I haven't really seen a large scale Euro meet to date, please correct me if I'm wrong.
Something you guys could do however, is organize a pan-Euro meet similar to our CanJam so you have your own big time show, and if it really gets big a Euro CanJam isn't impossible to see.
Also as Yikes mentioned there's only a few places in the US that can handle a CanJam. You'd think a place like Dallas would be a great destination to a hub of headphone enthusiasts, but there just isn't much draw for even local meets. NYC, one of the major California cities (usually LA), Chicago,and Florida are the only places with enough support that have been tested. And Chicago turned out to be not quite as good as they hoped, Chicago! Part of this is because many members (from both coasts) had to fly in for the meet and couldn't bring their own gear. Having the meet on one coast or another allows at least one side to furnish most of the goodies.
See nmaher's post here giving his take on EU CanJam http://www.head-fi.org/forum/thread/323459/canjam-09#post_4182547 I don't agree with his statement about vendors, however. Many of our best headphones are Euro based. I believe with Ultrasone, Beyerdynamic, Sennheiser, AKG, and others right in your backyard you would find ample support. Depending on just how gung-ho the previously mentioned companies would be about a large EU meet, perhaps your vendor support could completely eclipse US vendor support.
Where were all the previous meets? This search engine in Huddler is beyond atrocious so I couldn't locate 2006, but I'm going to guess it was NYC.
2006 - NYC (?)
2007 - San Jose
2008 - Florida
2009 - LA
2010 - Chicago
Looking like time to hit up NYC again.
I will say that the Carolinas tend to have good big meets and might be a possibility, but you might run into the Chicago problem of NY/LA people flying in without gear. Also, Europeans, at this point, I believe Asia has a leg up on you in getting a CanJam anyways. They've at least proven they can host large meets (Hong Kong, Austraila, etc). The cost to get there is a bit pricier, but I see them as closer than EU, quite frankly.