It doesn't mean we have to read all of it. It just means we'll have access to any text we wanted.
Yes, of course. I was still having my morning coffee when I first read your post, I was under the impression you wanted to read it all! Which would be a tremendous feat. I don't even know if all the suttas are available online yet, so to have the whole tipitaka is probably a long way off. One thing that would be of great advantage to have the whole thing online would be if it was all on one site, and to have a search engine, so for instance if you typed "eight worldly winds", you'd have every instance of it in the pali canon. It's a pretty nice dream!
"The heart of the path is quite easy. There’s no need to explain anything at length. Let go of love and hate and let things be. That’s all that I do in my own practice." - Ajahn Chah