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From the exodus created by Google Reader, Feedly has quickly picked up quite a few users.
This app is great for quick or casual perusal of your RSS feeds. It looks nice, has some good gestures (which they recently switched the orientation of, presumably to allow for Flipbook like page flipping), and opens the linked stories in its own WebView, rather than jumping the user over into a browser session.
For people that consume RSS items by the hundreds, ie, journalists, Feedly isn't quite the RSS-munching app that is needed.
For everyone else, it's worth a look as your Google Reader replacement.