I agree with other commenters, this is genius idea but all depends on the available content. Looking at the story, it's not interesting to me, so it'll not keep me occupied and willing to learn.

I'm searching for something like this but frankly there's nothing as far as I know. The best so far is Chinese Breeze series - example book

http://www.amazon.com/Whom-Chinese-Breeze-300-word-Level/dp/...

with stories a little, little better than usual. They, though, require that you know at least ~100 basic hanzis to be able to comfortably read. I have 3 or 4 books, I don't remember, and they are fine (just please, a little better story!) Each is around 20-40 pages so not much but kindle versions are also really cheap.

The way I worked with it, was to convert mobi to html and put on local server. That way I could use Zhongwen (mentioned by alexgolive) plugin to help me with words I didn't know.

If anyone knows something similar, please share! I love to read Hanzi, it's super fun when all the spiders :) suddenly start making sense