Ali from Autostraddle has a nice review of Digg's* new feed reader -- the one that supposed to be a good replacement for the now defunct Google Reader -- posted. I've been using it for a week now. I'd call it adequate; right now it's still pretty basic, and there are some features from Google I'm missing, like its search function and the ability to post directly to Twitter, Facebook, or Tumblr. Still, I haven't found a better one: the interface is really clean, and if you just made it under the wire to import your feeds, you've probably noticed that included posts you've clipped to Google reader, too. As someone who bookmarks several posts per week, this is a blessing.
*I swear I don't work for them