Stowe points to a good analysis of the bankrupt world that is blog reader stats:
[from Google Reader Stats Are Bullshit (With Proof) by Pete Cashmore]
Some conclusions to draw:
1. Google Reader stats are bullshit because simply being the default feed in any of those bundles will increase your stats by at least 50K to 80K. The quality or content of the feed is irrelevant, and the feed doesn’t even need to exist.
2. My early tests have shown that news, science and technology feeds get the biggest benefit from this problem.
3. The case of the Footbag feed shows that Google Reader probably does not check whether subscribers are active or not (you can’t read a feed that doesn’t exist). Most of the subs on these feeds likely took Google Reader for a spin and abandoned it the same day.
4. Therefore, most of the subscribers to these feeds may not exist.
5. Because Feedburner takes its stats from Google Reader, Feedburner stats are also wildly incorrect whenever Google’s default feeds are involved.
6. In phone calls with Feedburner last week (yes, I do research!), I learned that FeedBurner doesn’t enforce any rules regarding stat counts and particularly default feeds. They are, however, extremely nice people.
7. This problem is not limited to Google Reader, but applies to many feedreaders and startpages large and small. We’ve spoken to Feedburner about problems with Webwag, Blogrovr and Pageflakes adding tens of thousands of “readers” overnight due to default feeds. We have since asked to be removed from all the defaults we know of. We may be listed on more that we don’t know about.
8. Even when feedreaders discount inactive readers on a regular basis, default feeds will still overcount because thousands of people take RSS readers for trial runs every day.
9. The easiest way to get a default feed on one of these startpages is to own it, promise to promote it on your blog or be friends with the person who runs it.
10. Some blogs are the default feeds on every feedreader on the web (BoingBoing, Techcrunch etc). Their stats may be way out.