The Catholic Church just had a synod of Bishops on the topic of Scripture. The Synod sent out a letter on Oct. 24th which can be accessed here: http://www.vatican.va/roman_curia/synod/documents/rc_synod_doc_20081024_message-synod_en.html
There will be a letter called an Apostolic Exhortation from Pope Benedict sometime soon.
While I always try to read and pay attention to letters, exhortations, encyclicals and the like from Rome (it's part of what I'm committed to as a vowed religious) I'm especially interested in this topic. Reading the Bible as a young women of 22, rekindled my faith in God and changed me from a "Sunday Mass Catholic" to a practicing Catholic every day.
Four central points concerning the Word of God were highlighted:
1. The divine Voice. in Creation, in history
2. The Face: Jesus Christ
3. The Home of the divine word, that is to say the Church, which, as Saint Luke suggested
(Acts 2:42), is supported by four ideal columns.
the breaking of the bread
4. The road the Word of God walks upon
The Word of God must run through the world’s streets which today are also those of computer, television and virtual communication.
Here's a piece of what the Synod had to say in their Oct. 24th letter:
Dear brothers and sisters, guard the Bible in your houses, fully read, study and understand its pages, transform them into prayer and witness of life, listen to it with love and faith in the liturgy. Create the silence to effectively hear the Word of the Lord and hold a silence after the listening, because it will continue to dwell, live and speak to you. Make it resound at the beginning of your day so that God will have the first word and let it echo in you in the evenings so that the last word will be God’s.