Consolidating information is just organization, in this context. I don’t place all my feeds together-- I simply attach labels, and group like-feeds together under the same category. For example, I have labels which deal with mobile tech, general tech, music, auto, world news, general news, health, etc. When I’m in the mood for reading a particular category, I browse to that label and see what’s new from a variety of sources.
It beats having to go to each individual source, to see what, if anything, is new. Especially with mobile, it makes a lot of sense.
Twitter is fundamentally different, but with RSS feeds, you don’t have to click every one. In fact, it’s infinitely faster to just read brief descriptions of the content, and have it marked as read, as I scroll past. If I want to view anything of specific interest, I can click and go to the source, but this enables me to preview hundreds of articles, if I wanted, within a few minutes. From there, I can save, forward, share, etc. Accuracy of information is always important, to me, but I suppose it varies with what content you’re involved with.
RSS feeds don’t need to be for everyone, but they indeed possess very good functionality. Social media is in no way, shape, or form, a viable substitute, IMO. WIth twitter, you’re talking about a service. With RSS feeds, you’re talking about a standard-- equivalent to a web browser.