Spoon Feed is a Google Reader reader…wait. It reads your Google Reader feeds. I think that works better. As they state “Have your WP7 phones read your Google Reader feeds! Just enter your username and password and the app will take care of the rest. Click any link and have that page read, too! Even select which feed to skip (cartoons, etc…)”
It’s free and is in Marketplace now under News & Weather. Not bad for a freebie but if you want something with a lot more features make sure you check out Feed Reader 2.0 from MakeMe Happy which reads in multiple languages, has Twitter integration, etc. but it’s $3 (but there is a free trial).