Frankly I don't know what the training standard will be for the planned 40k yet. My contact is in Hammelburg this minute and will tell me about it around Christmas.
The Troops that are in Afghanistan right now are KSK. They are the military equivalent to the GSG9. In addition to their extensive (basic) training they would have received additional training for the new gear and should rank highly among the deadliest troops in the world, I bet... :shock:
This here is a quick (English) overview of the KSK:
http://www.specialoperations.com/Foreign/Germany/KSK.html
Since the KSK was brought into existence for international crisis intervention, I speculate that at least parts of their training methods will be applied on the rest of the 40k troops, making them formidable opponents as well.
The German army is transforming right now. It will keep up conscription for country defense and the 40k body with necessary goodies, i.e. an improved Leo 2 with improved firepower, or this, something particularly interesting: SAR-Lupe/SATCOM Radar-/Communication system that is designed to complement the French HELIOS II.
Seems like they're closing the tech gap in comm/sat-equipment. Knowing the German engineers it's going to be good stuff.
All in all, to come back to your question Doppelganger, the German military isn't doing bad. The tech meets highest standards. The large body of the conscription army may be substandard (lack of funding), but their new intervention army is going to be one thing and one thing only: kick-ass! :rambo:
This is a list (German) of the newer (non-convidential) projects:
http://www.bundeswehr.de/forces/040818_glossar_teil1.php#13
And just because I like them so much, here a few pics of KSK snipers with the G22 (a modified British developement). I believe every squad has one.