I stopped using readability when it changed from a simple bookmarklet that would work on any page, to a browser plugin/service combination. It's a shame, really, it was brilliantly useful then, and I haven't found anything that properly replaces it.
Personally I see this as being in the realm of browser vendors - hopefully we will start to see them include such a feature, and flesh it out in such a way that it's customizable and really works for any site.
Maybe there are certain sites whose pagination Reader can't figure out, but try this for example: http://www.nytimes.com/2012/06/14/world/europe/putins-return...
Any idea of what to replace it with?