Loading 3rd party libraries

[eluser]mikegioia[/eluser]
Hi Guys -

I was wondering what the best way was to load 3rd party libraries. For example, say I wanted to use MagpieRSS, should that go into the libraries folder which could then be autoloaded? Or is it more of a plug-in and go in the plug-ins directory?

Any help on this would be greatly appreciated.

Thanks,
Mike