Late in November, I was tested with FamilyTreeDNA. I just got the results back today. FTDNA says that I am 92.46% Western European (which it narrows in my case to French, Orcadian, and Spanish) and 7.54% European (which it says for me is Tuscan, Romanian and Sardinian).
On Ancestry, I've never found any match closer than 4th cousin and the matches I've talked to have been unable to figure out with me how we are connected with the exception of one match, but the connection was so far back, it didn't really matter to me.
I just got my matches today with FTDNA and there are a number of 3rd cousin matches. It will be interesting to try to follow up with some of these matches.