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Justin,
Are you sure the RSS feed is a GeoRSS feed as looking at the source to the .xml there is no location information.
Have a look at this wiki page on GeoRSS:
http://en.wikipedia.org/wiki/Georss
Regards
Anthony
Justin,
I am not sure what is wrong with the feed you are trying, there must be some tag or namespace that the widget does not like. A straight news feed from reuters will display alright with no geo info. This is something that the ESRI flex team should look into.
Regards
Anthony