Does the new local feed account in the app mean that once Google Reader dies Reeder will be able to update my feeds locally and sync between my other Reeder apps (Mac,iPad)?
Does the new local feed account in the app mean that once Google Reader dies Reeder will be able to update my feeds locally and sync between my other Reeder apps (Mac,iPad)?
You can read your feeds locally but there's no sync between other devices.
Otherwise you need to use the feedbin service.
No, if you setup the local option only, all you will be able to do is read whatever feeds you have in iOS Reeder... nothing will be synced.
If you want to sync you will need to either pay for Feedbin and select that option to sync to the OS X Reeder update when it comes out, or setup Fever for yourself on a server.
The Feedbin option also syncs to the Feedbin web reader now.
If Local can compile the feed then is it possible that iCloud sync could be used in the future?
Not sure, but the developer of the app sometimes posts on twitter about what he's working on next: https://twitter.com/reederapp. Maybe keep an eye on his account? He hasn't mentioned iCloud yet.
It is possible, but I have seen articles from a couple devs. that iCloud does not lend itself well to this type of sync.
Also, as I understand it, services like Google Reader and Feedbin are doing more than just syncing. The service actually scans the RSS feeds for articles and caches them. Then when you launch say the iOS app it pulls down the articles from this cache rather than directly scanning every feed individually.
So this is why apps that rely on GReader sync so fast. They are just syncing the results of work that GReader has already done for them. If Reeder were to do this all on its own it would be more time consuming.