“RSS stands for "Really Simple Syndication" -- it's a format for distributing and gathering content from sources across the Web, including newspapers, magazines, and blogs. Web publishers use RSS to easily create and distribute news feeds that include links, headlines, and summaries.”

Source: Yahoo! News

“You don't have information you don't care about. RSS is the Tivo of the Web, filtering the information deluge through real-time metadata about your location, awareness, interests and events—stripping out the noise, improving the signal, saving time. It's WYDSIWYG: What You Don't See Is What You Get.”

Source: Bill Gates, Microsoft

“Google has filed for a patent that covers advertisements in syndicated content, which on the Wild Wild Web these days means RSS feeds.”

Source: The Register, Andrew Orlowski