Google Reader is a convenient way to sync between our RSS clients today, but back when it was launched in 2005 (before iPhones), it destroyed the market for desktop RSS clients. Client innovation completely stopped for a few years until iOS made it a market again — but every major iOS RSS client is still dependent on Google Reader for feed crawling and sync.
Now, we’ll be forced to fill the hole that Reader will leave behind, and there’s no immediately obvious alternative. We’re finally likely to see substantial innovation and competition in RSS desktop apps and sync platforms for the first time in almost a decade.
It may suck in the interim before great alternatives mature and become widely supported, but in the long run, trust me: this is excellent news.