It is free to use...you simple register and start adding the blogs that you like to follow. You can even put them into categories if you like! Then it keeps tracks of when posts are made on those blogs and pulls them up for you. I have tried blog readers before and not really liked them. This one works well for me.
Give it a try. And don't forget to add Counterfeit Kit Challenge to your list.
How do YOU keep your blogs organized?