This is a nice prototype of a mobile RSS reader with an iPod like UI.
The only problem is doesn't fit well to places where the mobile user is charged per kb of bandwidth like the Philippines. What it needs is an offline, space shifting component like QuickNews. That means syncing (pulling your feeds) via an internet connected computer so that you take advantage of your existing net connection and only download wirelessly via your carrier when really needed.
Still, its a nice indication where RSS is heading: to the mobile device in the palm of your hand.