People use different methods of tracking favorite blogs, they use the google connect gadget, bookmarks, RSS, email subscriptions, etc.
I like to corral not only my favorite blogs, but also my favorite websites, Etsy shops, etc. With a 'reader' you can add not only blog feeds, but other web content feeds.
I took a few quick screen shots to help you see how I do it.
Lets use my Etsy shop as an example.
First, find the little RSS icon.
click it.
That should take you to a page that looks like this:
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Making that selection will add the feed to my reader and also take me directly to my reader.
Once in reader, if there is another website or blog that I know I would like to subscribe to, I can do it right from the homepage of my google reader (if I have the web address or url). Google will convert it to the feed.
You want to find where it says 'add subscription'.
click that.
Then you will get a pop up where you can enter the url:
you can try this with any url, the worst that will happen is that google will tell you it can't find a feed for that url or it can't find content.
I'll post later about organzing your feeds in google reader.
*~* NOTE: I did this in mozilla firefox -- I think it will look the same in IE - I use both when I am on the web and I've never noticed a difference. *~*