I had this same error using the Neosential Reloaded theme.
I fixed it by commenting out the error’d line (3042 for most people), and then by adding
if ($this->registry === NULL) {
$this->registry = new SimplePie_Registry();
}
if ($this->sanitize === NULL) {
$this->sanitize = new SimplePie_Sanitize();
}
To the start of public function init()
(Somewhere around line 1300).
I believe the problem is that the construct function isn’t being called, and so those two objects are not created.