I enjoy looking around for reading lists myself. Strictly using them to give me ideas though. I make my own list, and use their lists to help point out omissions I might otherwise not have realized.
There are quite a few classics that I'll never read because the plot and characters have been so deeply ingrained in my memory from popular culture that the only reason I would have would be to compare the first hand account versus popular opinion. That has its own merits as well, but frankly if the title doesn't hold a great deal of significance I've got better reads to persue.
You may want to look at chopping that list up into a list of your own.* It has less bragging rights but more potential for personal satisfaction. I think a person that -only- reads 50 of those books, but comes away with some insight and enjoyment out of the texts is more accomplished then a person that plowed through all of them just to buy the "I read all 1001!" bumpersticker.
-MJ
*Not saying pick and chose books you'll like. But titles that you determine are important in whatever meaning you decide. Reading a book you know you won't like might at least give you more insight into those that do. Or at the very least validate your opinion to yourself even more 