Fnac is a huge chain of book stores in Europe (i usually go to their stores when i am in Portugal and they have a very thorough selection of titles) , so the introduction of a book reader means that a lot more published ebooks are coming soon... which is great news. The bad news is... ANOTHER device?...
As for the device itself i don't think it can compete with Sony or Kindle... but see for yourself:
http://www.the-digital-reader.com/20...-the-fnacbook/