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Before this post disappears from view this is From Sean on Boon Companion. The thread is not working! It comes up a lot in PFS threads so I know people there will be interested in this.
Benefit: The abilities of your animal companion or familiar are calculated as though your class were four levels higher, to a maximum effective druid level of equal to your character level. If you have more than one animal companion or familiar, choose one to receive this benefit.This would make it clearer. And yes, you can take the feat if you're a single-classed ranger. It's actually pretty sweet deal.
Currently we don't have a place to post FAQ/update material for books other than the Pathfinder RPG hardcovers, so I can't attach this to a permanent FAQ, but consider this an official ruling on this question.