Just wanted to let everyone know I updated my sitewide feed plugin which should fix the itemless feed problem some people were having with recent versions of WPMU.
In case you are not familiar with my plugin, it creates a master feed that contains the most recent posts from all blogs on your WPMU site.
Unzip and upload into mu-plugins and then access the feed by visiting http://yoursite/wpmu-feed/. Initialization of everything the plugin needs to run is done automagically.
You can change the feed url and number of feed items by editing the file and changing the settings near the top to better suit your needs.