FeedDemon

FeedDemon is an  RSS feeds reader that enables you to read RSS feeds from your desktop. You can browse information from dozens or hundreds web sites without having to visit them to find out what’s new. FeedDemon recently become freeware. It is very easy to use and to add new RSS feeds. You can organize your feeds into folders. You can customize the look and the thy way to display data for each folder and for each feed. FeedDemon also contains powerful podcasting tools to enable you to download audio files and automatically copy them to your iPod or other media player.

Homepage: http://www.newsgator.com