Now an RSS/RDF feed reader for the PocketPC with the features you've been looking for:

* Lifetime upgrades/updates
* Supports Windows Mobile 5 - NEW in 2.4.1
* Supports RSS (.09, .91, .92 and 2.0), RDF (1.0), and ATOM (0.3)
* Supports landscape orientation using PocketPC 2003SE
* Integrates with Today
* Support for Bloglines and NewsGator synchronized channels - NEW in 2.3
* Caches and displays inline images
* Add new channel wizard
* Can cache web pages for later display using PocketIE
* Integrated HTML browser for cached web pages - NEW in 2.1
* Can download enclosures (Podcasting support) - NEW in 2.0
* Auto playlist generation of audio enclosures - New in 2.2
* Configurable item sort
* Background download of feeds
* Supports HTTP proxies
* Configurable item retention (configurable by channel)
* Configurable news feed storage location
* Configurable fonts and colors
* Supports alternate web browsers
* Supports Radio Userland style automatic subscription (Web page coffee mug icon)

For more information look here