Let me tell you about what I need:
I am subscribed to many different newsfeeds using my reader.google.com account. That means I get approximately one fresh newsitem each 1 or 2 minutes! That's the reason why I need to have some Linux feed reader / notifier which could display sort of popup windows or ticker areas with the latest headlines from my Google Reader feed.
I tried something called "Liferea" but it didn't even accept the feed from Google Reader as a valid feed (maybe because it's Atom, not RSS?).
Note that the "notifier" part is more important than "feed reader" part. If there is good Linux notifier program available (which fully supports UTF8), I can easily create my own script which checks my feed regularly and tells the notifier what to display. However, I didn't find the right standalone popup/ticker notifier software yet. Any help?