As someone who lived in California when Disney's California Adventure was new, I can tell you that it bombed. Being a local's park, locals didn't want to go to a park themed after California/Americana. Because of that, I think a France/England themed area won't go over as well as something else, like a villain's themed land.
Villains would definitely pull American tourists because WDW already has England and France in Epcot, but no villains land.
It's like when I planned my first trip to DLP, I was so excited to stay in a Paris/European themed hotel... only to find they're all Americana themed. It took me a little bit to realize that this makes sense. More Europeans come to DLP And they don't want to stay in a European themed hotel, the Americana theme is something the locals don't get.