I've been bummed about my favorite weblog reader for a while. Blogbridge is by the far the best one I've tried (others used for extended periods were RSS Reader and SharpReader), with the best feature being its synchronization between multiple reading platforms (hurrah, get to read weblogs on weekends now).
I started using the "weekly builds" for the better synchronization. And then in 1.4, Blogbridge broke. Probably because I subscribe to lots of weblogs, several of which are graphically intensive. But regardless, Blogbridge would hang during the initial feedscan. On both my computers. Some weblog was sending it over the edge.
I stopped reading. I tried fighting the bug, reading before it hung. I even reinstalled 1.0 (the last "stable" version), losing my read marks. But in the recently available 1.9, the bug is crushed.
Try Blogbridge if you're looking for a non-Outlook, non-web based reader. Best of the competitors, and it is continually improving, unlike several. And it's open source.