I don't think Bible reading should be "chiefly" a community experience.
Agreed!! The great challenge for us catholics, however, is to encourage, lead, incite, "light a fire", to draw catholics into daily reading of scripture. Remarkably, those in the forefront of this movement are converts to the Catholic faith, like Dr. Scott Hahn.
The truth is simply that Catholics and Evangelicals use the Bible in different ways and therefore have different kinds of Bible knowledge. Evangelicals use the Bible as a source book for doctrine and right moral teaching, and thats good. 2 Timothy 3.16 says the Scriptures are useful for teaching, rebuking, correcting and training in righteousness. Evangelicals also use the Bible for personal devotions and inspiration. This too is Biblical. Psalm 119.27 says, Let me understand the teaching of your precepts; then will I meditate on your wonders.
Ordinary Catholics might not be so adept at quoting chapter and verse, but they do know and use Scripture regularly. Its just that they use it in a different way. For a Catholic, Scripture is not so much a book to be studied as a book to worship with. (Ps. 119.7) For Catholics the Bible is almost always used in the context of worship. Did you know that a survey was done to check the amount of Scripture used in the Catholic Mass? The Catholic service was almost 30% Scripture. When the same writer checked his local Bible-based Evangelical church he was surprised to find the total amount of Scripture read took just 3% of the service.