I needed newsfeeds now so I wrote a small simple pal to take a list of RSS files and show the content.
Just download the zip file and unzip it into your pals directory.
Rename the file newsfeedpal.php to the first empty customboxXpal.php file and set the number you chose in the $forumlistcustombox variable.
Create a directory called "newsfeeds" (for RSS file caching) in your pals directory and give the web server write permissions to it:
> chmod 777 newsfeeds
The script will show the latest info from Slashdot.org and freshmeat.net if you don't change anything, there is a list of a few other feeds you can use in the script. Some more can be found at this site:
http://www.syndic8.com This pal is written for IIP 5.3, but might work with earlier IIP 5.x versions, it even defaults to some own table wrappers if threads doesn't have any.