Feedly (free) gives access to RSS and other feeds on the web, and on mobile devices running iOS and Android. Feedly is available as a cloud based service, and aggregates a variety of feeds that can be shared with others.
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Pro Clean, easy to overview UI
Feedly has an easy to overview interface. While this interface is clean and simple, it is still full of bright colors.
A great feature that adds to the clean feel is "eliminate clutter", which keeps only the text of the desired topic.
Pro Seamless Google Reader migration
Pro Integrates other services for ease of use and sharing
Feedly sign-in is done with Facebook, Twitter, Google, or Microsoft credentials. It offers many ways to share a story from within the application, including social networks, e-mail, etc.
Pro Choice of many different layouts
For each news source, a different layout can be chosen. Choose between showing thumbnails, titles and summaries, titles only, thumbnails with overlaid titles in a grid, or have all content inlined.
Pro Similar mobile experience to Google Reader
It supports a list UI similar to Google Reader, among other more graphical layouts.
Pro Great article recommendations
Search a topic and Feedly will offer resources that are related to that topic.
Pro Supports OPML export/import
With this feature, all subscriptions can be saved.
Pro Open API
There are multitudes of third party clients available for many platforms.
Pro Browser extensions
Feedly's extension lets users add feeds directly from websites, but also lets users curate pages, save them to Evernote or Facebook, email, or Tweet pages.
Con Log-in is buggy
Logging in can sometimes cause Feedly to struggle. It can become unresponsive and force close.
Con No push notifications
Among the most requested features for Feedly is push notification support. The feature was officially requested in 2011 and currently has over 600 votes on Feedly's Uservoice.
Con Long list of paid-only features
Free features are pretty basic. It seems like all the new development goes into paid-only features. Paid features include sharing and saving options, alerts, backup, support or integrations with collaborative tools.
Con No offline support
There is no offline support with the official client.
Con Steals page views
Feedly has had issues multiple times with hijacking page views from original publishers. See:
Con Slow interface
Con Forces external account to log in
Users are forced to use Twitter, Facebook, Google, or Microsoft login credentials.
Con No keyword filtering
Feedly has no ability to filter a feed by keyword like a lot of other RSS readers do.