What would the ultimate RSS Reader have? Hmmm....Features:

• Easy-to-manage import/export
• Available anywhere and in a variety of formats
• Easy access to both urls and inline-viewing abilities
• Customizable fonts
• Takes up less than 200 MB of RAM (this rules out all Adobe Air Applications)
• Auto feed sniffing from urls
• The ability to play podcasts and other media that is thrown at it (unlike the PSP)
• Syncing for offline viewing
• Expendable

Closest contender: Google Reader! It offers all of this functionality and more. It makes my world a better place to live.

Google Reader