You can find here http://friendfeed.com/search?q=feedly&service=&public=1&who= the stream of the initial set of feedback regarding the feedly beta 1. I am going to take some time over the next 4-5 days to summarize in more detail the good, the bad and suggestions.
But one thing is very clear:
1) people are asking for a better warning regarding the fact that feedly creates 4 tags in google reader.
2) people are asking for a better warning regarding the fact that the feeds imported during the welcome wizard are added to google reader as well (The warning in the first run page does not stand out enough).
3) people want an automatic way of undo-ing any change done by the welcome wizard.
We are going to make that our top priority and get a new revision out in the next couple of days.
In the meantime, here is a manual work around: Undo-ing the changes of the welcome wizard