FNR is a proposed block cipher that can encrypt data of arbitrary lengths, from 32 to 128 bits, while preserving the input length. It uses a Feistel network structure with pairwise independent permutations and AES as the round function. The key advantages are that it has no length expansion, preserves the input range, and supports arbitrary length inputs without depending on key length. However, it has disadvantages of potential performance overhead, lack of integrity features, and vulnerability to attacks when used in ECB mode.