LIH Prem asked why I haven't followed up here and if I had a problem with Google Reader, so I'll reply to allow him to sleep better at night!
I just simply haven't had time to try Google Reader, but it sure sounds like it is exactly what I'm looking for. I poked around for a short while and see that I can import my feeds which makes it a no-brainer to try when I get back to my PC where I maintain the links. When I initially looked at the reader, it was part of a snapin on iGoogle or something like that and the ability to import wasn't obvious to me. I thought that meant I would have to manually move my several hundred feeds...by going to the dedicated Reader site, however, I see the import feature. It looks like I can only go one folder deep when structuring the feeds but I can adapt to that.
Thanks for all of the votes of confidence for GR folks.