It focuses on the story of L's early days and how he solves cases. In this novel, we see L's unique detective methods and his battle of wits against various criminals.
One possible fanfiction could be where Light is in the hospital due to an unexpected illness. Maybe he uses this time to plot his next moves in the Death Note world without arousing too much suspicion. He could be pretending to be weaker than he actually is while observing the people around him, looking for potential Kira supporters or enemies among the hospital staff and patients.
Ryuk would probably just be amused. He is a Shinigami who has seen a lot in his existence. Fanfiction is just another strange human creation to him. He might chuckle at some of the more outlandish ideas in the fanfictions, like a character having superpowers beyond the Death Note.