I tried to import my feed.ly feeds to this but the page stuck on "OPML import is happening. It can take a minute. Don't reorganize your feeds until it's completed importing. Refresh to see its progress." and I got no errors in the javascript console. It looks promising though. I find feed.ly to be too gimmicky and noisy. I like the minimal style of go read.
One thing that's missing from every google reader replacement I've tried is the ability to infinite scroll through a feed history. Somehow google knew how to request RSS feed pagination parameters.