"Facebook Reader" Is Real, But It's Not RSS Or A Google Reader Wannabe

Facebook is working on a fresh way to read news, a source tells TechCrunch, and an image leaked to us by another might show the "Facebook Reader" in action. It's not based on RSS, and Facebook isn't rushing the launch of what could compete with Flipboard. That's because reading is a high-stakes, long-term project that could get us to invest even more time in the social network.