and a slightly bigger ram vps could easily add buddypress with the "BP My Home plugin" and you could give all of your family and friends their own home page profiles with whichever rss feeds they want on their own profile page. This is something I have been kicking around for a while.

This past week I've been researching ways to incorporate the blacklisting and such from a different rss aggregator plugin to give people custom weighting options within them.