Great points Dave. I am struggling with some of the same questions.
I think it could EASILY trim the length and tune the grade level to the intended audience.
Already I have run into the question in regard to what to link from the Epicurustoday.com home page. for example the buttons on the very front page point to Canonics, Ethics, and Physics sections, but I don't really want to dump people straight to the full versions, so currently they point to a condensed version of the longer article, which exists in the "analysis" section of the site.
Now that's not ideal either, because I don't really want people who go to the full analysis thinking that they are rereading what they've already read, but then again I don't want to offer only the condensed version. Same thing would apply in similar fashion to crafting particular articles for particular reading levels.