RSS is just a way to subscribe to a webpage, and it's built into the newest versions of the big three web browsers now (look for an orange icon to light up when you're on a page with a feed.) Basically, depending on your browser (or third party reader, or website aggregator) settings, your program checks the RSS feed for updates on a given timeline. If there is an update, the reader grabs it. Some sites (LawDog, for example) give you the entire post, so you never actually need to go to the site itself. A lot of other sites will give you a headline, or a headline and a short synopsis, and you'll still need to click the link in the feed to read the whole story. (After all, the whole internet is run on ads, and if you're just reading the posts your browser downloads, they're not generating any revenue. But, more and more feeds are starting to add in ads.)
Basically, remember back in 1995 when everyone said Push would be the next big technology, and that the Pull internet as we knew it was dead? They eventually turned out to be kind of, sort of, right. Unlike what a few other posters said, though, websites do not "announce" updates in the sense that they automatically send you information. Your reader checks every X minutes/hours and reports what it finds back to you. So if your reader is flaky or you have it set to check at a very large interval, updates will not be instant.
It's a nice technology, and it lets me stay up on a lot more sites than I used to be able to in the same amount of time. (No more loading up Site X to see if it's been updated--if the feed title is bold, there are updates.)
For VOIP, depending on what you want to use it for, it can be as easy or difficult to set up as you want it to be. Like charby said, most IM programs support voice chats, and chances are your colleague in India is already running MSN on his computer. Get MSN, get a headset, and you're good to go. The bonus for MSN is, if you can't understand the guy, tell him your headset is making a weird noise and you're going to have to do the rest of the conversation through regular text IM
My father uses Vonage for all his conference calls and is extremely happy with it--installation was pretty much as simple as plug the router in, plug his phone in, and start calling. Their international rates are not as good as Skype or other smaller VOIP providers, but he doesn't care as anything international is expensed and paid for by his company.