It's practically just a fancy looking bookmark. It's sad really, if it had offline viewing, it would make sense; but that's the thing, it doesn't! Well I guess it's back to saving webpages for me..
See people do get what I was saying.. anyway you guys are absolutely right. It would be quite useful when iCloud comes around, but without it seems rather pointless. I think for the average user without a iPhone or iPad, they should've added a offline reader feature.