Just one thing though. You have to install Reporting Services using the Enterprise Edition media and to avoid doing all kinds of nasty stuff to the Licensing the fail-over cluster also have to be Enterprise Edition.
If you try to do this using the SQL Server Standard media you will not be able to install SSRS to a "Shared Database" and the encryption information in the database created by instance #1 will be mercilessly blasted into oblivion.
This will result in instance 1 of SSRS not working while instance 2 (on the second server) is working. Trying to fix this will only flip the situation.
Personally i find this to be quite the bummer from Microsoft since it practically means that you have to weigh the cost of Enterprise Edition against HA-enabling Reporting Services.
So basically, you have to acquire Enterprise Edition if you do not want your Reporting Services to be the Single Point of Failure.