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For a while I have been using a small PC program for the feeds I keep a look on. It has lot's of functionality, and with some work I can get it to do just what I want to, which is very simple: just display a list of my feeds, where I can expand a feed and look at the posts.
But this gave me some problems... Sometimes it crashed, and I loose all my settings. I then have to set up everything again, which is a lot of work. Also I only had it on one of the computers I use (three in all), which meant I could only follow the feeds on that computer.
So the last time it crashed for me, i deinstalled it and made a Google gadget for feeds instead. So far it is very basic, the main advantage over the ones I have seen is that it handles multiple feeds ( there are excellent gadgets for handling only one feed). Probably I will add more options in the future.