You might try saving this file to your server and trying it out.

http://sccaforums.com/xml-short.xsl

Let me thank you for your much needed hint for my problem with the XSLT file. Your hint put me in the right direction for researching and fixing the problem. As you noted, I was not seeing the HTML tag but the acutal content. Researching the RDF and Dublin Core gave me the answer. I am posting my XSL file result, in case anybody else faces similar problem; it's working fine for me now. thanks :)

<?xml version='1.0'?>
<xsl:stylesheet
  version="1.0" exclude-result-prefixes="rdf rss l dc admin content xsl"
                xmlns:xsl="http://www.w3.org/1999/XSL/Transform"
                xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
                  xmlns:rss="http://purl.org/rss/1.0/"
                xmlns:dc="http://purl.org/dc/elements/1.1/"
                  xmlns:admin="http://webns.net/mvcb/"
                  xmlns:l="http://purl.org/rss/1.0/modules/link/"
                  xmlns:content="http://purl.org/rss/1.0/modules/content/">
    <xsl:output omit-xml-declaration="yes"/>
    <xsl:template match="/rdf:RDF">
 
   <!-- Do not show channel image -->
   <table>
          <xsl:for-each select="rss:item">
           <tr>
                <td nowrap="nowrap">
                     <em><xsl:value-of select="concat(substring(dc:date, 9, 2), '-', substring(dc:date, 6, 2), '-', substring(dc:date, 1, 4))" /></em>
           </td>
           <td>
                     <xsl:text> - </xsl:text>
  </td>
         <td>
        <a href="{rss:link}" target="_new">
                       <xsl:value-of select="rss:title" />
                    </a>
                </td>
           </tr>
        <tr>
     <td colspan="3"> 
             <hr/>
            </td>
    </tr> 
   </xsl:for-each>
  </table>
   </xsl:template>
</xsl:stylesheet>