Since we had the issue come up in the Blogger Forum about why RSS is not available, I thought we might look into this a little. The best way to get information is from fellow bloggers. Radio Free Blogistan (a former Blogger blog, if I remember correctly), asked the same question. If you follow the links there to Steve Jensen (Blogger/Google guru/inventor) and Jason Shellen (ditto) you get as close to the source as you will find.
The upshot? RSS is coming to all Blogger users "relatively soon." Meanwhile, if you weren't aware, regular Blogger users can now have headlines. Go to your settings page and turn them on. A blog is not a blog without a headline.
BTW: one of the comments to Xian's post was "Now if they could only add some commenting as well." Amen.