Well, RSS feeds is another way for your visitors use your information - that should be the case for using it. Blogs use RSS naturally and you can incorporate your site updates in a form of RSS, too.
As for traffic from the search engines, it doesn't do much. Sure, it may get some long tail traffic with time (when your site has good rankings), but not something you'd spend time on if you don't already have RSS.
RSS can't increase your rankings for general keywords..the only benefits of RSS are greater exposure through RSS readers and aggregators and possible light streaks of long-tail traffic from the search engines.
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