Looking to catch up on top news items in a flash? Head over to Spreed:News, and have articles fed to you in easy-to-digest little chunks.

For now, you’re limited to reading the feeds Spreed provides. Fear not, most of your favorites are likely included in the list: BoingBoing, CNet, GigaOm, Slashdot, TUAW, and yes, even Downloadsquad are available. Sign up for an account and select your favorites, find an item, and click the play button. The display speed can be adjusted, and buttons are provided to share news items with friends, post to Facebook, and give a thumbs up or down to the article you’re reading. A link is provided to the oringinal URL as well – handy if a post references an image.

There’s also a mobile version that looks and works great on the iPhone (and likely on Android as well, though I don’t have a handset to test it).

Spreed is an interesting service, and the technology definitely works. The plain black reading window and intelligent text display certainly made it easier for me to focus on and retain information.