It's been a pain trying to find a viable alternative - I'm currently testing out Feedly because it lets you keep ALL of your Google subscriptions (something Skimr had problems with) but I don't like its layout compared to Google Reader. I subscribe to over 200 blogs and it can be a nightmare trying to keep up with everything when posts are listed by the day they were posted, not by blog title (unless there's a way to change the setting that I haven't found yet).
But I never really considered it as being any more of a problem than that until I read a Problogger post on the subject. As they point out, many people visit blogs by using readers, so will a lack of a viable reader cause a downturn in blog traffic?
I never really look at my analytics, but I checked for March so far, and it turns out that none of the referring sources for my blog visits came from Google Reader. It was mostly tweeted links, Facebook posts via networkedblogs or Google+. A couple of visits came via Google searches but while the analytics tell me that I have subscribers, they don't visit the blog - perhaps they just read the posts in the Reader. So how will those readers access my content after Reader closes?
I like Google, I do, and while I don't miss Google Wave or Feedburner, I will miss Google Reader because of its efficiency and ability to get the job done. Will Feedly be able to take its place? Only time will tell!
What readers, if any, do you use?