Perhaps it's not fair to write a review of this book, since I read it after it's thesis has been shown to be false in light of the events of 9-11. But, I'll do it anyways.
For me, this is a strange book. The main reason for this is Fukuyama's reliance on the work of Hegel and the dialectic of history. It's essentially Marx, except capitalism and liberalism are the final state. I just don't see why we should buy all of the Hegel stuff.
The essence of Fukuyama's argument boils down to the following empirical claims. (1) Communisim failed. And (2), despite some rogue nations like Iraq and Iran, most countries have accepted liberal democracy as the final form of government. (1) is true. (2) however is not. It seems like history has proven Fukuyama wrong. But, I already said that.
Aside from that, I don't think this book is all that great. The last section "the last man" doesn't make the persuasive case that Fukuyama thinks it does. He, himself, thinks it's an open question whether or not man's essential spirited (thymotic) nature will be satisfied by the artificial nature of liberal democracy (read: no chest beating wars). Well, apparently those are in vogue again. So, perhaps, Fukuyama was right about something: to appease his thymotic spirit, the liberal democratic man must wage war. Could he have Rumsfeld and Cheney pegged?