Excite.Italy - what's the scoop?

Tiscali owned - Fast powered

[heini]

ecxite.it [excite.it] does belong to Tiscali as of February. Tiscali now holds 70% in Excite@home's italian branch.
Interestingly websearch at excite.it is completely provided by FAST, whereas in all other Tiscali portals local search is powered by their own Janas technology and only international serps are delivered by FAST.
The excite site looks fresh and alive - on jupiter's top10 anyhow they are nowhere to be found

[heini]

Excite now is completely owned by Tiscali - the missing 30% sold for a measly € 3 Mill.
According to a Total Telekom [totaltele.com] story Tiscali also acquired the Excite brand and domain name for all of Europe.

Most interestingly Tiscali claims Excite Italy being the first profitable internet company in Italy!
Excite claims 1 Mill. registered users, 300 MIll. page views per month. Those figures are astounding.

What's happening over there - is excite.it really that popular?