Even if you already use Outlook, you might not know that you're also using a decent Google Reader replacement. Outlook can import and process a Google Reader feed export. It handles your unread items like a different kind of message.
The How-To Geek site runs down the relatively simple process of exporting your OPML file from Google, importing it into Outlook and then, well, just reading your feeds like you do. Outlook is an inbox tool, and it makes sense for an RSS handler, especially if you have a limited number of important feeds.
How to Import Your Google Reader RSS Feeds into Outlook [How-To Geek]