Earlier quoted context omitted.
"Misleading" in the sense that only a fraction of those may become loyal Feedly users, sure. But it seems like a pretty good estimate of the number of active and aggrieved Google Reader users out there.
A good lower limit. Not everyone has the time or inclination to take immediate action. I'm a heavy user of Google Reader and I haven't yet taken an action. I probably won't for at least a few weeks. What is baffling is that Google can't or won't monetize a product with that many users.
Or even just open source it and get some positive PR to offset the negative they've been getting.