I heard they are having an FTPA store at Full Tilt. What exactly is it?

The full tilt poker academy store. Go to the my promotions page and select the academy. There's a store link along the top.

question: is doing acadamy challangesl ike a freeroll?

IE: it might say "raise all in w/ 27o".
and lest say i 5bet shove 27o everyday anyway.

would i just get free points or w/e and be able to use them at the FTPA store? is this how the concept works?

Academy is a freeroll. I think it was mentioned in a few places that it doesn't hit your MGR directly. When you purchase points with the credits and then spend those points, then it hits your MGR, like how the iron man store works.

There was a list of preliminary items and costs floating around the forum. Basically, a credit is equivalent to an FTP.

Yeah^^^^jv
Just realized you can complete the same task 5x.
Some of the most of the SNG task are pretty standard like folding A10,AJo UTG.... shoving/calling 4 handed with no Ace no pair, finishing ITM x# of times etc...

Not to be a nit Ce1, but just fyi, I think you can do every challenge 10x.

Correct me if I'm wrong though.

I refuse to waste my time with this until I know exactly what the re(a)ward(s) are.

There was a list of them. Pretty much what you need to know is that it's a lot like a combination of both the full tilt store and iron man store, i.e. you can purchase cash bonuses with these credits. I think $600 bonus was 100K credits. I remember it's one credit = one ftp.

I'll try to dig that up...

Just go to academy.fulltiltpoker.com and check it out yourselves!