What are the cases for that feed role?
Why not deliver an RSS/Atom feed with the page and a standard feed reader within HTML that could present the content, polling at specified intervals.
In the same way that HTML finally standardized on HTML5 semantic page markup (not that HTML1.0 was grossly inadequate), and we're finally getting integrated video / multimedia support (though lacking the ever crucial "off" switch), once you dig through all the bullshit and hype, most of Web 2.0 corresponds to "we can update the page you're looking at while you're looking at it".
Some client-side capabilities to sort and filter content would finish off about 90%+ of the use cases. Good enough.
And you'd end up with far fewer monstrosities such as Facebook, Gmail, G+, etc., in which a simple content stream has a client-side footprint of 1-2 GB. SRSLY?
Yes, the standard problem of having users upgrade their client software to support the featureset remains, but there are still huge numbers of what are effectively Web 1.0 sites (Craigslist comes to mind) that are phenomenally useful and successful.
I've had a very late and passionate come-to-Jesus love affair with RSS/Atom feeds. Taking Craigslist, for example I can get an RSS feed of any given category search:
http://www.craigslist.org/about/rss
Remember "Web agents", you know "a personal online assistant that would scour the Internet for you"? Well, this is it.
Combine that feed with rsstail and multitail, and you can track items of interest in a console window. Find something particularly useful? Fire off an email alert to yourself.
http://www.reddit.com/r/dredmorbius/comments/1udv6i/further_...
I've got Chromium running on my Thinkpad T520i, sucking down about a gig and a half of RAM. newsbeuter tailing 85 feeds is around 300 MB (a single Chromium browser tab), and rsstail weighs in at about 145 MB resident. Since they're only intermittently active, they swap out with very little performance overhead.
The existing Web design model is a fucking trainwreck waiting to happen. The browser-as-app-platform metaphor has its advantages, mostly in rapid development, though that's also a weakness (users HATE change), and it's a bastardization of two competing uses (content vs. app).
Much of the design and feature set serves advertisers and NSA water-carriers far more effectively than it does users. Sadly, that's where the funding comes from, so it's no real surprise. Be careful what you incent for, you'll get it.