RIP Reader. For those looking for a replacement, especially those with an Android phone, check out Newsblur. It's all open source, the developer is accessible, and most importantly it works insanely well. I honestly like it better than Reader.
I'm trying it, but it has a few things that bug me.
They messed with the arrow keys - they no longer scroll the page. I'm always accidentally going to the next or previous article. ARGH!
I miss the smart sorting order that Reader had - it was really good about bubbling stuff I cared about up to the top and letting me whip through the rest.
The developer has listened to the feedback on scrolling and added configuration options so you can now use the arrow keys. Bugged me as well, but I'm happy with the new options.