Ok, I think I'm in love. I have been working with the basic (free version) of Omea and it's wonderful. I would encourage everyone to take a look at this program. It has a great UI, is incredibly versatile, and integrates the functionality of a NNTP news, RSS subscriptions, a browser, contacts, and notes. You can set up workspaces and show information in different ways. The pro version will do emails and sync with Outlook as well as index files, Miranda, and ICQ chats.
Here's a quite from the site: "Omea Pro 2.1 replaces tools like your Email Organizer, Desktop Search Utility, RSS Reader, Personal Information Manager, Newsgroup Reader, Task Manager, Contact Manager, Bookmark Manager, and Instant Message History Manager. It can also read your Files in Microsoft Word, Microsoft Excel, Adobe Acrobat, and view your Pictures, in one Integrated Information Environment."
One important fact about newsgroups though, the program only seems to handle TEXT, not BINARIES.