simplefeed

 

 
Problems:

• Drupal's core aggregator does not satisfy the requirements of state
  of the art aggregation applications. E. g. core aggregator lacks
  pluggable configurations or the possibility of creating nodes from
  feed items.
• There is an explosion of contrib modules that try to cover the
  deficiencies of Drupal's aggregator in one or the other way. Previous
  attempts to unify aggregation functionality had limited success.

Yes, it's finally out!

http://drupal.org/project/simplefeed

More details of what has changed over the past 7 months since I introduced it:

http://tedserbinski.com/2007/11/16/simplefeed-1-0-ships

Example site processing over 300+ feeds every 15 min: http://www.momblognetwork.com/

Enjoy!