Alas, as the prophecies foretold, Google Reader will be shutting down July 1st and with it hundreds if not thousands of apps that used Google Reader as their centralized RSS hub will be in trouble.
Many of us saw this coming. I know personally, the previous lack of commitment from Google to improving Reader was one of many things that pushed me to start working on my own CB Reader system.
While in the short term this will be frustrating for many, the long term benefits will outweigh. This is good news.