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Hm.... almost, but not quite. RSS is one specific flavour of XML that won't be usable by web browsers and InDesign.
However, what you could do is create a "master" XML document that contains the content to be used in all 3 sources (the print & online newsletter andwebsite) and then use a one or more XSLT stylesheet(s) to transform the content into the format expected by each source. Send me an email (fvlogic at telus dot net) if you would like to discuss this option further.
Hope things work out!
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