Google Reader alternative from MS

Currently, the only service that I use from Google is the Google Reader. Nothing is broken there, but why don't MS develop something similar to add one of the most popular online service to its portfolio?

If it was there, I'd definitely use that. Because my primary email is outlook.com (hotmail before), contacts, calendar, office 365, skydrive are my daily drivers so basically everything else is MS.

Once again, no offence for Google Reader which is one of the biggest part of my online life, I'm just one big minimalist that wants one less online account.

Anyone else missing this from MS?