Olliethemagnet seems very excited about its release.
For those of you who don't know, Feed Lounge is a feed reader that many people use to read blogs, news, etc. It's sorta like reading email without the spam.
I was in much anticipation over feed lounge until Google Reader came out. Although some bloggers may disagree with me, I view any reader (or email box) that uses folders as a waste of time. Labels are the future!