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Well, now there are TWO really usable web-based news feed readers, bloglines.com and Google Reader.
They're quite similar, and it's easy to move from one to the other. I just exported my list of RSS feeds to a local file and uploaded it into Google Reader. And you can share your feeds with others, just like Bloglines. And both have a "subscribe" link that you can add to your Firefox bookmarks for quickly adding a currently viewed website to your list of news feeds.
I'm going to use BOTH for awhile and see which one wins. The neat thing about Google Reader is that you can add a newsfeed summary from the Reader to your Google desktop, which has become my home page for months now.
Google IS doing some truly amazing things lately.