Earlier we wrote about AOL Reader here, now the beta invitations are open and you can request a beta invitaion from the home page of Aol Reader now.
It have an option to import all your Google Reader feeds easily to this (I tried but failed). It is still in beta 
. As of now so many things need to be fixed on this it seems but still you can request a beta request and try it.
To request an invitation you will need to have an Aol account (if you don’t have one create one). After login give your email address for invitation and verify the email by clicking the confirmation link.
Check it here