Free software is now available for reading RSS feeds on your iPod.
iFeedPod 1.09
"Download your favourite RSS and Atom feeds to your iPod. Read them anywhere.
A small and simple utility for downloading RSS feeds to your iPod. Requires Mac OSX 10.4 Tiger or now OSX 10.3.9 Panther. Requires an iPod, iPod mini or iPod Nano with Notes facility."
If only I had an iPod and a Mac to try this with...