With the slow turnaround, my feed fills up pretty quickly with posts I've already read. Usually the #1 link in my feed is a post I read yesterday.
mk, can we get a hide/unhide button?
This is a good idea. Something I'd like even better, is a way to see if there are new comments on a thread I've read. For example, links I've read are dimmed, relative to unreads. If the link "un-dimmed" itself when a new comment was entered (optionally), that would be useful. I remember what I've read, but I don't remember the last comment-count of everything I've read. Hide/unhide wouldn't dp the trick for that, though.
I like how Reddit's gold upgrade does it. It provides multiple options to see when new comments were posted[1] and highlights new comments in the selected time period[2].
Paired with campbell's suggestion of 'x new comments' i think it would work really nicely.