Just a few minutes ago I decided to look up lore explainations to a game that seemed at first to "have no story": Dark Souls. A few dedicated youtubers (VaatiVidya, TerraMantis, SilverMont, DaveControlLive) analyzed all of the clues left by the developers (From Software) in items, snatches of speech, carvings on walls, statues, etc. , and produced story explanations that made everyone who didn't understand the story go: "Oh...Damn. That is awesome!" (If you don't know what I am talking about search "Dark Souls lore" on youtube).
So, basically what I am proposing is that a few dedicated, intelligient people plunge into the depths of the grimiore, cross analyze the information, bounce ideas off of eachother, and then make youtube videos explaning what is going on to the majority of people who don't.
If anyone popped on over to Reekyleaf132's forum post that I linked he and a few others have begun to breathe life into the grimiore cards. Maybe, in order for the story to be seen, a few talented groups of people should make easily accessible and understandable videos in order to benefit the Destiny community (and Bungie).
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Good idea. I'd thought about researching the grimoire and doing like a short story write up, but I'm probably not the best for this.