While it is a shame the ceremony was postponed, it's good news that construction is still proceeding. It's a sign that the plans for Chattanooga were "re-approved" at that emergency cost-cutting meeting.
VW might be a small player in the US, but they're #3 in the world, with a desire to become #1. They need this plant in the US & the new car designed for the US market to make that happen. They're big in all other markets, so that growth must come here & the new plant will be a big selling point.
It's a great time to build a plant while construction is slow everywhere else & also to get a supplier network built-up. If the plant comes on-line in early 2011 like they plan, it might be perfect to catch the wave as the market comes back.