On the way to Fortune (the town where you get the ferry to St. Pierre), there's a very pretty little town called Grand Bank. I stayed a few nights at the Thorndyke B&B there, and it was first-rate - great accommodations, perfect location right on the water, excellent breakfasts, and charming, friendly family owners. The town itself is full of beautiful old buildings and a pleasant-enough museum. However, dining options -- like most places in Newfoundland other than maybe St. John's -- are sort of a throwback to what you might have seen in the 1960s, hearty comfort food and frozen vegetables.

I've never gone to St. Pierre & Miquelon -- I decided against it because it would have required more traveling and to be honest, the main reason for going would have just been to get a new passport stamp. I'd be curious to hear a trip report upon your return.