"Settings" are mentioned in this video, starting at 8:20:
http://blog.the-ebook-reader.com/201...e-ink-ereader/
I don't know if the reader has all the settings you'd expect from an Android tablet though; it doesn't seem so.
In that same video, I also see one or two apps that make the bar a the top go away; FBReader, for one, at 14.35m. In another thread, it's mentioned that Moon+'s full screen option doesn't work and keeps the bar on screen. Possibly, this can be fixed by a Moon+ update (if they want to support this device, that is).
Ah, at 14:51: "Each one [application] has their own formatting options", and I also see a list of fonts way shorter than five pages. So, probably, font support depends on the application.