I came across http://www.Squeet.com, which is a nice online utility to subscribe to blogs online. The nice thing about that tool, is that, all the new posts added by bloggers that you have subscribed to, will be sent to your inbox.
Also, I have been using the JetBrains Omea Rss Reader, I just exported my feeds, and imported them to Squeet and it worked smoothly.
Hope you like that tool!!