Hey Rodger,
You know, I don't know of anything with a DVD, but there are some Great Flash Reader's out there that you can copy and paste the test into and it will flash the words up on the screen at what ever speed you want. You can find a review I wrote a while ago here:
http://www.edutechie.com/2008/02/how-to ... -programs/
It shouldn't be too hard to program a website that could easily do this for someone. Not exactly what you were looking for, but it came to mind. Hope this helps.
Oh, and you could always use the children's scripture DVD's and turn on closed caption. It doesn't have the full scriptures, but it could help someone learning to read and they certainly learn the scriptures (my kids can attest to that one).
http://www.ldscatalog.com/webapp/wcs/st ... sortOr%3D1