RSSophiles have been considering alternatives every since the controversial of Google Reader, Feedly has benefited greatly here.
Over 500,000 users have signed up for Feedly in the last 48 hours. Feedly have increased their bandwidth ten-fold and are constantly adding servers to improve their service. Their top priority is to keep the service up and constantly listen to user feedback thereby adding new features.
Feedly also assures that you can “migrate seamlessly” if you choose to do so before the 1st of July, the day Reader shuts down. Feedly is cloning Google Reader’s API to assist users in this seamless transition.