RSS Bandit is my favorite RSS Reader for desktop PC, it is free and available from here..
http://rssbandit.org/ow.asp?DownLoad (there is an installer zip link, current version is v1.2.0.117) :-)
Or you can go with Sharp Reader suggested by Les..
http://www.sharpreader.net/
Also News Gator is considered by many as a good reader for desktop PC. They also have a web based free version. Instead of desktop based application that you install on you laptop or PC. You can create a web account and using the browser you can collect all the news in the web based version. :-) Which I am begining to like. This way you can access your favorite news from any PC with internet access.
http://newsgator.com
And in case you want to catch the news feeds on the Smartphone. Check out the this thread for tips or my comments. ;-)
http://www.smartphonethoughts.com/fo...pic.php?t=7099
For the Smartphone I would recommend RSS Home, available here
http://www.rsshome.com (they have pretty good how-to instructions)