There is. I have them. It imported them from LJ, but sensibly didn't put any journal names into the groups. Oh, and you can have more of them - like 60 I think.
I forget what they call them ... Organize / Manage Circle / Manage Filters.
Ooh - I noticed some of my friends seem to have imported their Lj friends' lists - didn't know how to do this or even whether I wanted to as it's a good opportunity to thin the ranks a little. But being able to import filters sounds like a time-saving thing ... how did you do it?
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I forget what they call them ... Organize / Manage Circle / Manage Filters.
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Thanks!
(Exclamation marks courtesy of Archie comics!)
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Kinda - there is currently for access but not yet for subscribers (although that is planned in future code updates).
So you can lock-posts to a custom group, but if you normally filter your friends page you'll have to wait till the reading filters are added.