No problem, Blondie (or anyone else), we all have to start somewhere.  The problem with this feed is the new module does not support Atom feeds.  It's supposed to support them, but it doesn't.  I don't have the tools to debug the code properly, so I can only tell you that it does not work becuase I tested it, and it doesn't.  I blogged about it on my blog, which has some info on the module. 

The only thing I can suggest is using the XML/XSL module instead, but you'll need a custom XSL file to display it properly.  If you need that kind of thing, look around this site, or use google, and search for one.  I've put many examples out in the ether world, but if you need further help, let me know.

Yep you will, if you are still using the news module.  It won't support Atom feeds.  You have to use the XML/XSL module for that feed.  Try it with that custom xsl.