That's what it's supposed to show. The page you see is not meant to be viewed directly. What you see is the code that RSS viewers use to list out WakeWorld News items the way the user wants to see them.
The best way for you to see what I'm talking about is to go to
http://my.yahoo.com/ and sign in to your home page (assuming you have a Yahoo login). My Yahoo allows you to customize this page to show news feed from any website that supports RSS. To add the WakeWorld News feed, you simply click on 'Add Content,' tell it where to find it (
http://www.wakeworld.com/xml/rss.asp) and it will show up on your front page.
Since I'm also a fan of Motley Crue, I can find a website out there that produces Motley Crue news and supports RSS. Then I can view the latest news stories from WakeWorld along with the latest news stories about Motley Crue all on the same page. You can also pick content from millions of other websites. Here is an image of what it looks like at the top of my My Yahoo page...
If that doesn't make any sense, read more about RSS here.