I downloaded reeder the other day, its a really great little app that syncs with a google reader account. Basically if you have a gmail account you can go to google reader and add all your news/sports rss feeds or any items of interest, blogs etc.
Once you fire it up on your iphone or ipod touch if you have wifi, it syncs with the lot of them all within the app.
Loads of features, links up with your email, twitter and safari etc
REEDER
Theres also another one called Feeds which does similar although not as many features..........l think they do a free version as well.