I see in the docos it mentions being able to publish your board on an RSS feed. Can the boards receive RSS feeds and format them correctly or would I need another php script to handle this for me?

I'm new to this news feed business but am very interested in getting it on my site. I'm not positive it's RSS that I want but a lot of creative sites I read through have automated ways of publishing news articles from major news sources.

If ubbthreads doesn't handle that directly can anyone recommend one that works well with ubbthreads? I'm assuming i'll have to hack up ubbthreads to format my news articles the way I want, or at least to interface the board's forums will those news articles. Is that too hairy for all but the most experienced php / mysql programmer?

There is an addon at UBBDev that feeds RSSFeeds into a forum of your choosing, I have this in action on my "UGN Security" site in my signature (and EliteWebGamers for that matter).