Mathematicians have for a couple of years now started to rely on preprints on ArXiv and this is a successful change in culture.
However, the related problem of research not being read (and the more subjective "not being worth read") is still unsolved to a large extent. My single paper on ArXiv has probably not been read and despite that my MSc reviewer commented that the work is suitable to be published (apart from the MSc) I now have a full time job outside of academia and little incentive to get the paper into a reputable journal by extensive formatting and layout changes or self-lobbying, if you will.