If you curate it (I have worlds news, US news, politics, tech, science, etc), I find it's actually pretty nice to be able to scan through the headlines and see what interests you. It seems to augment my Reddit/HN feeds pretty well. I find that I can scan through all the headlines in ~3-4 minutes.
I also find it is incredibly nice for the low bandwidth feeds. I don't feel like I need to check those everyday, when I get an update it shows a notification and I can go straight through it. As a result, I am subscribed to a lot more of those, as it very easy to look through.
I'm currently using http://nuzzel.com/ to aggregate my Twitter, Facebook and Linkedin feed and it does a great job of filtering out the "important" stuff that people talk about. Not just the noise that comes and goes.
I'm really happy with it, so happy that I even activated the email digest every morning and push notifications. It's pretty neat if you don't want to be drowned in a stream of information but also want to know what's going on.
It's not that overwhelming to me because I've been using RSS a long time and I know what to expect, but I could see how it's not everyone's cup of tea.
Maybe RSS + local ML would solve the problem?
The challenge with RSS isn’t finding the feeds - they are for the most part readily available. It’s having a feed that doesn’t completely overwhelm.
That’s the problem that social, for all the concerns about filter bubbles and tracking, does actually do a good job at solving.