"Pure elegance" - VersionTracker

NewsYouCanUse 2.7

Lives in your menubar

Icon and audio notification of new items

Built-in directory of hundreds of RSS and Atom feeds

Drag and drop interface

Configurable hierarchical menus and separators

Priority feed feature lets you know when something special comes in

Supports multimedia and BitTorrent enclosures

Customizable HTML display

News items open in your regular browser (Safari recommended)

For OS X 10.3 Panther and above

Download is just 485K