Most of the RSS readers work average with the iPad, many of the ones which used to provide superb performance for the iPhone work more or less efficiently in the iPad. Reeder didn’t have such a support for the iPad until recently when it will extend its support for the iPad soon.
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It will be a separate app from the iPhone version and will carry a new, slightly higher price, $4.99. But judging from the pictures, and one stellar preview from MacStories, it will be worth it. One nice touch is that sets of feeds can be drilled into using the pinch gesture, similar to the way you unbundle pictures in the iPad’s photo app.