William Slabbekoorn (see his comment in Firefox RSS Support) duplicates Firefox Live Bookmark feature for IE with a bit of server-side ASP code that transforms RSS into CDF. You remember CDF don't you? If my feed was in CDF format, server-side component wouldn't have been necessary which makes Live Bookmarks as uncrappy and useful as CDF.
Below is a partial screenshot of my feed displayed as IE's 'Live Channel':
IMHO, false praises are worse than no praise at all.