Oh, right. I'm in EU. The Blu-Ray that my friend has is this one: http://www.amazon.fr/fabuleux-destin-dAm%C3%A9lie-Poulain-Blu-ray/dp/B001CRVXZG/ref=sr_1_3?s=dvd&ie=UTF8&qid=1311880116&sr=1-3 I assume that it's a completely different European release.
What was supposedly disastrous about the French release? My friend's got it and we watched it quite recently and it looked like a perfect transfer. I'm not much of a sound guy and didn't notice what kind of bonus material there was but the VQ looked great.