// File to open up, can be an URL too
string XmlFileUrl = @"c:\feed.xml";
using (XmlReader reader = new XmlTextReader(XmlFileUrl))
{
	// Initialize a list for storage of the items
	List<rssItem> items = new List<rssItem>();
	// boolean to see if a node was opened before
	bool openItem = false;
	RssItem item = new RssItem();
 
	// Loop the reader, till it cant read anymore
	while (reader.Read())
	{
		// An object with the type Element was found.
		if (reader.NodeType == XmlNodeType.Element)
		{
			// Check name of the node and write the contents in the object accordingly.
			if (reader.Name == "item")
			{
				item = new RssItem();
				openItem = true;
			}
			else if (reader.Name == "title" && openItem)
				item.title = reader.ReadElementContentAsString();
			else if (reader.Name == "link" && openItem)
				item.link = reader.ReadElementContentAsString();
			else if (reader.Name == "description" && openItem)
				item.description = reader.ReadElementContentAsString();
		}
		// EndElement was found, check if it is named item, if it is, store the object in the list and set openItem to false.
		else if (reader.NodeType == XmlNodeType.EndElement && reader.Name == "item" && openItem)
		{
			openItem = false;
			items.Add(item);
		}
	}
}

public class RssItem
{
	public string title { get; set; }
	public string pubDate { get; set; }
	public string link { get; set; }
	public string description { get; set; }
}