Noooooooo! Please don't do this. Reader must be one of the products with highest user engagement. Can't understand why they need to close it down. #SaveGoogleReader Update
: Seems like there's a change.org
petition -- https://www.change.org/petitions/google-keep-google-reader-running
Wow, the petition got over 65k signatures in ~18 hours!
Google is culling Reader: http://googleblog.blogspot.com/2013/03/a-second-spring-of-cleaning.html
That's is sad. But then, I did expect it when they rolled out G+. Either they had to integrate GoogleReader with your G+ feed, or close it down. That much was clear when they got rid of the social features in Reader. I'd hoped it would be the former, but guess not.
Reader is an example of how something simple like an RSS aggregator can have have a big impact on it's users.
This is also a big blow to RSS. It means that we're 1 down on an open and distributed way to share things. It's looking like all walled gardens now. :-(