Straight to readable text?

Another way to deal with your predicament... Most RSS sites now have a twitter feed that they push their content to. You could setup a twitter account and only subscribe to your favourites content providers. Clicking on a link in twitter opens a new page. Twitter really can handle a serious amount of content, and is much slimmer than most RSS readers. It's become my main content provider, alongside Facebook, which is more cluttered, but could easily be slimmed down for purpose

If I understand the question, you want to have all your RSS feeds available where you can click on the headline and then get the full article as it would have appeared on the site (as opposed to inside the RSS item) in a readable format. Feedly is good, and will present things in a stripped down manner, but it will only show what's in the RSS feed itself in its own format — if you have full-content feeds it will seem to do what you're asking, but if you need to click through to the content I don't think it will get the job done (you can preview the full page, but it's in the page's format, not a stripped down one). I think. Obviously publishers aren't eager to make this easy, as even with the buttons you're still exposed to their ads for at least a short time before you click the button. One thing that might work is setting up http://ifttt.com/channels to make all the feeds you want to read push directly to Instapaper or Readability, and then using Instapaper or Readability's sites as your "RSS Reader". Alternatively, there is probably an extension for your preferred browser that lets you right-click and "open in readability" or somesuch.

Feedly has hit the spot for this particular conundrum. One click on the story and BOOM there's my readable article. Bonus one is the keyboard shortcuts for the next/previous story, and bonus two is a fantastic iOS app that's super quick on my old iTouch. For feeds that don't supply the full text, I've used http://fulltextrssfeed.com/.