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I have a news article CMS system that I produce RSS1 and RSS2 feeds for the top headlines, and would gladly add other formats if it gets the news spread further.
What syndicated news formats are people using?
History of the RSS fork
RSS, Atom, And The Syndication Standards Dance
I do wonder who is reading, however. Is reading RSS mainly a geek and blogger thing, or will it become more mainstream? I can see that happening if major sites and ISPs allow users to easily subscribe to the feeds of their choice.
Which doesn't mean that we shouldn't a) cater to the not-inconsidearble number of people who do subscribe to them and b) be prepared for the coming mass market.