What is a site feed? What is RSS? Why would I want these?
When you create your blog or edit its settings on the Edit Blog Settings page, you're given the option to "Publish site feed."
Site feed:
A "site feed" gives your readers a special way to read your updated blog entries. Instead of going to your blog page, they can see your entries as soon as they are published, using software for reading syndicated content called a "newsreader." People who read a lot of blogs like this option because they can see the latest entries from all their favorite blogs in one place. It's a lot like checking email.
My Yahoo! provides a great newsreader option -- anyone can subscribe to as many blogs as they like and have their entries automatically appear on their customized My Yahoo! pages.
RSS:
Site feeds are published in a format called "RSS," which stands for "Really Simple Syndication." It's a standard for publishing regular updates to web-based content. RSS is based on XML, a widely used standard for information exchange between applications on the Internet.
How to use it:
On your Edit Blog Settings page, if you click the checkbox next to "Yes, publish my blog as an RSS 3.0 feed," then the orange XML button appears on your blog. When your readers click on that button, your blog's feed is added to their newsreader software.
When you select this option, we also show a button that has a plus sign next to "My Yahoo!." When your readers click that button, your blog's RSS feed is automatically added to their My Yahoo! pages.
RSS is for public blogs, so if you want to publish a feed you need to set your blog's permission to "Everyone."