I see some light here.
I have switched my RSS reader from Sharp Reader to Google’s Reader. It has a nice interface, best of all I can access my feeds from any computer, no need to sync from my work to home pc, hurray:)
Adding the following features can make it much better experience.
1. Able to see starred(*) items of a particular feed and filtering on tags for a particular feed.
2. Able to select multiple items at one time using something like a check box and applying tags, stars etc to all of them in a single click
3. How about what they are good at, searching the feeds