It's not very clear if "blogs you are following" is a new feature or a synonymous for blogroll, since Google Reader links to a non-existent page that is supposed to reveal more information. A thread from Google Reader Group shows that the new feature was accidentally added and then removed.
"Google Reader automatically added a "Blogs I'm Following" folder on my Reader. I've already got my Reader set up the way I want it and this folder is superfluous and annoying," says Vanessa. "It would be nice if they gave us the option of using it before they just took it over that way! There is no mention of it in any of their help files either, this is just ridiculous," mentions Jackie.
The following screenshot, courtesy of "The Other Drummer", shows the new folder automatically added by Google Reader:
http://www.google.com/reader/view/user/-/state/com.blogger/following.
In other Google Reader news, the iPhone version started to reformat the linked web pages for mobile browser, but this can be changed in the settings. "For users with Nokia and other AppleWebKit-enabled phones, soon your phones won't automatically choose the iPhone version of Google Reader," says a Google employee.
{ Thanks, hlpPy. }