I think Tyler's description of the danger RSS feeds pose is largely correct:
I also fear that ongoing use of RSS would lead to reading inflation; I would add new blogs to my feed because it is easy to do so, but encounter the intransitivity of indifference. I would end up overloaded.
I have around 140 blogs on my RSS feed. I closely, continuously read 20 or 30 of them. I check a handful more, and infrequently a couple dozen beyond. I never clean the thing out because, really, what's the marginal cost of retaining a blog that could be interesting, or that I feel I should be reading? That said, I'm fairly sure the list, in reality, overwhelms me, and compels more skimming and indifferent reading than I'm actually comfortable with.