Sorry, my example usage has a mistake. You need to use $somepost instead of $someposts inside the foreach loop like this:
Code:
{sr_wpfeed var="someposts" wpsite="http://www.snowriver.com/uggs-and-more" num=2}
{foreach from=$someposts item=somepost}
<h2>
<a href="{$somepost.link}">
{$somepost.title}
</a>
</h2>
{$somepost.description}
<br>
{/foreach}