The possibility to improve the CERN to Gran Sasso neutrino beam performances
for theta_{13} searches is investigated. We show that by an appropriate
optimization of the target and focusing optics of the present CNGS design, we
can increase the flux of low energy neutrinos by about a factor 5 compared to
the current tau optimized focalisation. With the ICARUS 2.35 kton detector at
LNGS and in case of negative result, this would allow to improve the limit to
sin^22 theta_{13} by an order of magnitude better than the current limit of
CHOOZ at Delta m^2 approximately 3 times 10^{-3} eV^2 within 5 years of nominal
CNGS running. This is by far the most sensitive setup of the currently approved
long-baseline experiments and is competitive with the proposed JHF superbeam.Comment: 19 pages, 8 figure