In this recent tutorial from the NETTUTS website, they show how to "build a better blogroll" by combining the client-side power of jQuery with the simplicity of the SimplePie aggregation tool.

A traditional blogroll is a simple list of other sites, often in the sidebar, that are related, owned by, or otherwise friendly to the home site. Blogrolls are a great idea and on-point with the spirit of blogging, but how is a casual reader to know if any of these sites are truly of interest? Let's improve upon the concept of a blogroll by not just listing sites, but dynamically pulling recent headlines from them, and using some fun jQuery animation.

Their code (demo here) uses a CSS-based layout and simple pagination to switch between multiple groupings of RSS feed content.