FeedBoard cycles a news feed on the screen, top to bottom, zooming each item in the middle of the screen, each item zoomed or not can be clicked and the list can be scrolled trough.*
It can also be configured to read via text to speech the feeds as are cycled.
Feed list is retrieved from your Google Reader** settings.
* also includes a MagicPrefs plugin with the same functionality as in the standalone app.
** a Google account with Google Reader is required.
FeedBoard is not only available as a standalone application but also as a MagicPrefs plugin that you get bundled within the standalone application.