When I bought my phone, I asked the salesman whether it sported a built-in RSS feed reader. The poor chap never heard of RSS before. 
I searched SourceForge and came up with RssReaderMidlet. Feedburner seems to come out with an RSS reader too. Itโs currently in closed beta, but still seems worth to keep an eye on..
I would like to invite you to check out a free web based reader that should work on your phone at http://www.rssjam.com/
-Tyler
thanks for the tip, but..
But actually I have memory and space enough on my phone, so I can as well run a local application instead of being restricted by a web application
rssjam seems to have a different goal
โ I donโt want to receive it in email. is it possible to subscribe to feeds without binding to an email address?
โ itโs limited to 10 feeds? I canโt blame you since you provide it for free
โ it seems to have trouble with quotes! subscribe to my feed to see the problem
thanks anyway
BTW, I like the fact that you the user the option to delete its own account!
thatโs exceptional 
giving a user the chance to keep the web a clean place 