Everybody's got an opinion. Here's Kevin Drum's concerning Harold Bloom's. ("So get thee to an internet cafe, Harold Bloom! It is a rich and exciting world that awaits you.")
And here is Rivka at Respectful of Otters with hers. (Short version: If no one is reading, why are there so many bookstores and how come they're always filled with people? And what do they mean by "literature," anyway? If you read a book but it didn't fit the NEA's definition, did it not count?)
I think I'm going to have to read the actual report -- everyone is getting their pantaloons in a bunch, but they're all referring to news accounts of the study and not the study itself. These questions of definitions and parameters may very well be answered within the pages of the final report -- that nobody is reading!