I posted a comment at RESA's 23 Things about RSS feeds and readers and how using RSS is way more than just a 'favorites' list.
The way i think about RSS readers is like this. Would I want to drive to the newspaper printing plant everyday to get my news? How about if I wanted a magazine - would I drive to where they are printed? No, I wouldn't. Both get delivered when there is new content.
So - why should I use the web by surfing to multiple sites? I want it all to come to me in one neat package as items are updated. How cool is that?!?