Head over to the blog if you are in an RSS reader and look at the new "My Blog List" that is on the right side a bit down. This is available via Blogger in draft but I was not able to Import subscriptions from Google Reader using IE7 as it just hanged, but when using FireFox it worked even though the import was really slow.
The new Blog List gadget is right now only available if you log in to Blogger in draft.
Here are settings available and how to add from Google Reader.
I just wish it was updated in real-time if a Google Reader tag is selected so any changes you make in Google Reader is directly reflected in Blogger.
Head over to the blog and look at it.