Well my DS who hates to draw would hate that project and it would become a serious battle to get the evening reading session going if he knew he had to draw when it was over. I have asked him to act out the last chapter with his stuffed animals or lego people and he very much enjoys that. I get to see if he's grasped the vocab and the story that way as well. I sometimes read ahead and ask him questions or have him re-tell me the story so I know he's understanding.
By far the best thing we've done though is to find something interesting, then when dad gets home from work, "catch" him up on the story!