it's shutting down. GR had been my feed reader of choice for as long as I can remember, but as soon as I heard the news, I sought out an alternative.
Using this guide by Lifehacker, I decided to try out Feedly, and I can wholeheartedly recommend it. It has a beautiful, easy to read and use interface, both on the web and their smartphone/tablet app. I actually like it better than GR. You can import all of your GR feeds directly into Feedly when you sign up, but you need to do that before Google's service shuts down.
On iPad, Flipboard is also a great option. You could also try a free service like Bloglovin. You could also follow the blog on Facebook, although that seems a bit inefficient to me.
Choose quickly! Remember, you have until July 1st.