Since blog comments are not a very useful way of sharing information, I'll post this again here. A list of alternatives to Google Reader can be found at ReplaceReader.
I'm very interested in this, even though I stopped using Google Reader a long time ago. I tried several times, and each time found that using any feed service hugely exacerbated that feeling of drowning in too much information. Worse, using a feed reader triggered my anxiety about not having enough time, just about the last thing I need. Thus my own internet reading continues to be the only thing in my life that is purposely erratic, unmethodical, and disorganized - and that's the only way it works for me.
Despite that, I hate that Google has discontinued Reader and iGoogle, and I hope another good feed reader service becomes hugely successful as a result.