The Google Reader for Android phones came out last year, providing a native interface for consuming news feeds, but nothing that was worth having on a tablet. Google remedied that issue with a major update to the application, with a much-improved user interface for phones and a whole new multicolumn interface for Honeycomb tablets.
The revamped, tablet-optimized application has a two-column user interface in landscape orientation that makes it easy to see the items in a feed and the contents of an individual story side-by-side. This makes for a much better reading experience, no flippping back and forth between the two when you are working your way through a feed. All of our thumbs are up for this one, free, of course.