The developers of EldonReader contacted me earlier this week. This is a brand-new, completely independent Google Reader alternative which has launched in the past few weeks. It's still quite raw, and it is in fact missing a few basic features (importing feeds from GR, for example), but I think all options are worth looking at.
This news reader eschews the more colorful design of say Feedly in favor of a theme with muted colors, lots of white space, and a relatively uncrowded design. As you can see from the following screen shot, Eldon Reader offers a very Google Readeresque design, only without detailed info like unread post counts and without the compactness that this information junky would require.
At the moment EldonReader has but a single viewing mode which shows the full post/excerpt. For me that is going to present something of a problem, but since I can't import my GR account I suppose the viewing mode doesn't matter.
There's really not too much to the app at the moment, but I am told that the developers are working to add new features. They have a road map which includes many of the features whose absence I noted above.
On a related note, if the screen shots for the Chrome app are to be believed that version of Eldon Reader has a far more magazine style layout than the Android app or the browser version. It might be worth trying if that is your thing.