I think E.L. James should give half of the money she makes with Fifty Shades to Stephenie Meyer because the only reason her book is getting so much press is because it used to be a Twilight fanfic. Seriously, this book is about NOTHING. You may criticize Stephenie's writing till no end but at least Twilight had a story to tell.
Fifty Shades is about Ana, a twenty something year old virgin (rolling eyes here) who catches the eye of the most desirably bachelor in the universe (it has to be the universe because the world is just too small to encompass the awesomeness of Christian Grey). However, Mr. Grey has serious issues that he handles in the bedroom with his BDSM tendencies.
Fantastic, now what? Not much really. If you can imagine what a bad porn movie script looks like then you have Fifty Shades of Grey.