Right, I'm using mine that way, too.
News reader apps have been a good barometer for me. The NY Times app would show (until recently*) the headline and maybe two sentences summarizing a story -- about three screens' worth of info. The Associated Press app shows an entire story, which I'm guessing would scroll out to three or four feet; I appreciate the detail, but daggone, that's a lot of reading on a sideways wrist. Another app, News Republic, tries to have a headline, maybe a pic, and a summary -- but the summary is often just half of the article's opening sentence, which is like someone saying, "I went to see this great movie called…"
They all have the same basic task -- show some news stories -- but they all do it differently. Trying all of them is a great way to find out your own preferred usage of the AW.
* The current NYT app only shows a headline and maybe a photo; it's become useless to me. Another app from News360 follows the same idea as the earlier NYT app, so it has taken over as my favored news app on the AW for now.
Yeah, I'm not really bothering with any of that, as any in-depth content is better left for a larger device.