+1 for CommaFeed. I had been in denial about Google Reader shutting down simply because all the alternatives were painful in comparison. Thankfully, I discovered CommaFeed a few days ago and now I'm not dreading July 1st.
CommaFeed almost seems too good to be true: it's free; the code is open-source; you can run a self-hosted version. I made a $10 donation to the developer a few days ago and I've stopped looking for my Google Reader replacement.