Looks awfully complicated for something that simple... but as long as it work for you, then I guess that's fine.
I'm about to post mine, even if some rss reader might choke on it.
RSSOwl (POTM on SourceForge.net) handles it just fine. Firefox Live Bookmark also works fine.
*edit:
http://www.ioftpd.com/scripts/script.php?id=168