As far as I can tell, there haven't been any scripts posted to create rss feeds of friend pages, so I made my own. It's a Perl script made to run as cgi. It assumes a *nix system and requires LWP::Simple. It features caching, limits on number of entries returned, and the ability to add users that aren't in your friend list. You can download the code at http://www.mowgli.org/lj/ljfriendfeed.pl, or try it out with the following to form your own urls:
http://www.mowgli.org/cgi-bin/ljfriendfe
http://www.mowgli.org/cgi-bin/ljfriendfe
http://www.mowgli.org/cgi-bin/ljfriendfe
http://www.mowgli.org/cgi-bin/ljfriendfe
http://www.mowgli.org/cgi-bin/ljfriendfe
Let me know what you think. Please download it to your own server if you plan on using it regularly. :)