The equivalent scenario in polling land produces a better result: an oversubscribed producer that begins dropping requests will typically just cause a transient delay, as clients retry at a later time.
RSS feeds commonly don't include their full history - certainly this is true of the biggest providers like Blogspot.
Finally a good client will know to adjust its polling delay according to the traffic of a particular feed. This is a <5 line function, and something Google Reader was implementing a decade ago.
Pull-based systems of course suffer from latency, but they require vastly less centralized state and coordination than a push based system, and suffer from much less painful failure modes
Most exciting of all (in my opinion), is that pull-based designs can exist on top of all the infrastructure that already existed, rather than requiring dedicated active network components all of their own -- that's a whole lot of crap code we can avoid rewriting over and over again for the next decade.