Never mind, was able to resolve this by restarting the runtime, and then executing the pip install again.
To be clear, these are the steps I took to fix:
- Run
!pip install -Uqq fastbook - Colab reports the “tornado 6.1 incompatible” error
- Then restart the runtime (without using factory reset)
- Run
!pip install -Uqq fastbookagain - Problem is fixed and can continue working through the chapter