Personally, I'm still in denial about losing my beloved Google Reader in the near future. The web-based RSS reader has been a standby ever since I started using RSS, and even when I used other services, like the great Reeder app on iOS, they ran through Google Reader to get their content.
But the times they are a'changin', and as of July 1, Google Reader will be gone for good. Reeder has gotten out ahead on this one, and just recently pushed out an update for its iPhone version that liberates the app from Google Reader's clutches. You can now use Reeder with an alternate service called Fee