Setting up Feedapi

If I understand what you did correctly -- you're problem was trying to change the node type that holds feeds to "feeditem" There are two node types that are needed as they hold two types of content.

"Feed" nodes holds the RSS feeds. If you want FeedAPI to import content from say Techcrunch, you create a "feed" node with Techcrunch's rss feed url.
"feeditem" holds items extracted from within the feed. When FeedAPI parses a feed, it creates nodes to hold those items (blog posts normally) from within the feed.

The default node type to hold the feed items is story. But story is a core content type so normally used for other purposes than holding feed items. It's cleaner and more drupally if you create a new node type to hold the feed items. That's why I say create the feed item node type.

Once you've created the node type feed item -- you need to edit the "feed" content type and tell it to save new feed items as the "feeditem" node type.

That clear things up?

Glad you got it working.

I have followed these instructions, but am having a problem. I created a node/content type called News. However, that never appears in the processor section. The only options I have for the feed item are blog entry, Story, Page and Feed. Why wont my new content type appear?

@lugha

That's weird. I'm not sure why that would happen. Are you logged in as user 1 (the first user account you created)? It might be some weird permission issue. Can you verify for me that you can create a news node?