BeetzStream has released a touch version of their SmartRss reader. They have a video at their site to walk you through how the app works.
It does require a touch screen, so WinMo standard device are out for this version. It works with WinMo 6.0, 6.1 and 6.5. It will even work with 5.0 if the .NET CF 3.5 framework is installed. I believe it is still in beta. There is a download link at the site, but you cannot purchase it and there is no price indicated. Their previous version was $14.99, so expect to pay in that range once it is officially released.