rss feed published xml data to the web
it can be any sort of information whatver the creator wants
you need a parser script and an address of the feed
the parser script will create html for the information in the feed
this is an example
http://www.axandra.com/news/rss.xml
it could be good for
seo and marketing in general because it allows websites to publish your content dynamically , whihc means when you update your feed the content on all those site updates too