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NewsGator will launch its iPhone app today, meaning that existing users of NetNewsWire, NewsGator Online and FeedDemon (plus NewsGator's business offerings) can now read feeds on the most expensive cellphone ever.
You can't do much apart from consume - there's no way to add new feeds and the like - but the interface is far more efficient for iPhone screens. The standard mobile version is at m.newsgator.com, and that redirects to the iPhone version automatically once it identifies your device. It'll also redirect from the main NewsGator site.