It's an excellent RSS text reader. There are lots of features for downloading and reading text as well as podcasts. I use it ALL THE TIME for reading news while listening to podcasts. FeederReader is specifically designed to handle both text and multimedia simultaneously.
For example, you can be reading news feeds and when the current podcast ends, hit the "Delete & Play Next" button and FeederReader will delete the currently playing podcast and start playing the next one without ever changing the current news item you are reading. FeederReader can also handle "mixed" audio/video/text feeds and play anything for which you have a program installed.
Obviously, you don't HAVE to listen to podcasts. But of course I highly recommend it. I currently am subscribed to 150 feeds, 20 of which are podcasts/videocasts. The rest are text feeds (with maybe occasional audio/video/picture enclosures).
Greg Smith
Author, FeederReader - The Pocket PC RSS, podcatcher, videocatcher
www.FeederReader.com - Download on the Road