Before I say much more I do have to point out that I was very amused to have a play that's largely about language appear in a series called "There Will Be Words."
Readings are a step in the development of a new play. I once discussed this process with a computer programmer friend and we realized that we had something significant in common: neither playwrights nor programers really know what they've done until they get to see it running. The staged reading is a sort of a test run of a play wherein the writer can figure out what changes they intend to make as the work evolves.
This was the first time I've heard the play in its entirety in front of an audience. I did have the privilege of a table reading of an earlier full draft at the Lark Play Development Center this past November (which I blogged about here) and I got to hear a chunk of it at a Small Theatre Alliance reading back in September (which I also blogged about) after earlier development through Playwrights' Commons' Summer Playground. All three were really useful experiences, and the script has come a long way because of them, but this last piece was a larger step as it was an opportunity for me to evaluate the current (more advanced) draft under more public conditions and figure out what to do with it next.