I don't like how 7" tablets render webpages. It's not really the fault of Google or the Nexus 7 team; the problem is that most sites at the moment don't do a good job of serving of pages for mobile devices. This will change over time, as more sites clue in and use responsive design and HTML 5 to render pages. But for now, I virtually never bother to open Chrome on my Nexus 7 because most websites look terrible, so I do all my web surfing on my desktop.
However, all is not lost. I'd suggest you use some combination of Flipboard, Instapaper, and an RSS reader like Google Reader. Each of these apps will extract the text of a website's page, and reformat it for nice display on your Nexus 7. You'll have beautifully formatted text of whatever you want to read.
I think iPads still have the best RSS readers, so I personally use Mr. Reader on my iPad and Instapaper on my Nexus 7. There's a nice version of Flipboard available from the Google Play Store.