I tend to use Mobile bloglines rather than Google's mobile feed reader for staying on top of RSS feeds and this week Bloglines released a new beta version for mobile.
Point your mobile browser to http://m.beta.bloglines.com and you'll be redirected to v3 (the newer version).
New features include: favicon support (turn-offable), ability to follow sublinks within a post but keep the post as unread (useful for continuing reading long posts) and startpage support (if you set the bloglines MyStartpage with favourite feeds - this is now available in v3).
If you prefer the original mobile version there's a link at the bottom to revert back to 'classic mobile bloglines'.