See: http://blog.feedly.com/2013/03/14/tips-for-google-reader-use... (linked from the post)
Tip #1: "A more condensed view"
Tip #1: "A more condensed view"
I also dislike the Chrome extension (vs. pure web-only).
OTOH, it is really pretty, so I'm thinking of using it for recreational use anyway. It's just not an ideal research replacement for google reader yet.