I have a Fritzbox 7530 with a static IP address, but all of this applies also to dynamic IP.
You will now be able to receive "landline" call wherever you have an internet connection, not just in your own home. I have not found a way of making calls from outside the range of the router.
If you really want a dedicated handset then I am informed that Gigaset CL660HX works with this router as should alll of their HX series. Also Fritz!Fon M2, C4, C5, C6 and X6; and Panasonic KX-TGJ3xx series, KX-TGD3xx series, KX-TGK3xx series, KX-TGQ500/400/200 are all confirmed to work with this router. Note that I have not tried them myself..