Yes, they are a good way to provide updated content on a website. But keep in mind that the content of an RSS feed is, in fact, a copy or duplicate of content that exists somewhere else on the internet.
RSS is a gold mine if you're publishing an RSS feed that others can use on their sites--especially because it links back to your website. However, it's not such a gold mine if you're using an RSS feed on your site because it's merely a duplicate.
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