Whenever I hear FriendFeed, I can only think of FriendFace:
<a href="http://www.youtube.com/watch?v=6rNgCnY1lPg" rel="nofollow">http://www.youtube.com/watch?v=6rNgCnY1lPg</a>
It appears to be accomplishing this using tight polling (from my investigation with FireBug). Interesting and useful, but not exactly innovative from what I can tell. Also, no way to pause or stop it?