Nativetext is a free web service that translates RSS feeds from blogs and podcasts into foreign languages.

Using a new kind of distributed supercomputing, foreign language translation is performed by a network of millions of humans around the world, not machines. Translated content is served to a global readership through native language syndication.

Yes, you read it right, the service is free! I hope the beta will be available soon because I’m sure that we have here the service everyone wants to use since it fullfills the need of all blogs and podcasts…
I’ve already added my name to the notification list.