http://blog.feedly.com/2013/03/14/google-reader/

Transitioning from Google Reader to feedly

Google Reader Posted on March 14, 2013 by @feedly

Google announced today that they will be shutting down Google Reader. This is something we have been expecting from some time: We have been working on a project called Normandy which is a clone of the Google Reader API – running on Google App Engine. When Google Reader shuts down, feedly will seamlessly transition to the Normandie back end. So if you are a Google Reader user and using feedly, you are covered.

* Your data on all websites * Your tabs and browsing activity

I'm not very comfortable with that. It also seems very unnecessary for an RSS reader.

edit: They're fixing it! http://blog.feedly.com/2013/03/14/google-reader/