I did several BFL challenges before devising my own plan. It's a great way to get started on a comprehensive nutrition, weightlifting and cardio program.
Please, if you are going to eat that way, do the exercises! And don't forget the cardio. BFL works only if you do all three components of the plan. Also, if you have less that 30 pounds to lose, you might want to drop some of the starchy carbs from one or two meals and substitue a lot of vegies. Or do more cardio. As written, the plan has too much food for women, in particular starchy carbs. Take a look at Pamela Peeke's
Body for Life for Women for more ideas about gender specific tweaks that work.
On another note, many of the BFL veterans all agree that "free day" was the worst thing that ever happened to them. For me, it brought back binge eating which I thought I'd conquered years ago. That's hard to stop once you start. You can undo any weightloss results from the whole week with one freeday very easily. Most people I know who've been successful with BFL limit their free day to a meal and a treat.
Please join us in the Ladies Who Lift Forum
We have several members who are or who have done BFL.
Mel
Eating for life/Body for life
I have trouble with binge eating as well, and cold very well undo a week of work with a full day of that. A free meal once a week works better for me as well. 
