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Love the idea, but it doesn't work. It updates once (to the correct number), but nothing I do after seems to refresh the number - unless I refresh the page ('F5', not Feedly's built-in refresh).
So far, it's juuuuuust right. Exactly what I needed to keep on top of my feeds. I wish the count badge refreshed a little quicker, but that's probably more about Feedly than this add-on. Great stuff.
UPDATE: Sadly, the badge is simply stuck at one. That is, it shows 1 unread item whether there are a hundred or none. Too bad. Uninstalling.