The problem of publication bias is another reason to be wary of the publication heuristic recommended a few comments above. If you follow that heuristic rigorously, you will necessarily expose yourself to the systematic distortions arising from publication bias.
This is not to say that you should therefore believe the first unpublished paper you come across. It's only to point out that the publication heuristic has certain problems, and while not ignored, it should be supplemented. You ignore unpublished research at your peril. In an ideal world, peer review filters the good from the bad and nothing else. We do not live in an ideal world, so caveat lector.
The process of journal publication is also extremely slow, so that refusal to read unpublished research threatens to retard your progress. This link gives time to publication for several journals - the average appears to be well over a year and approaching two years. What's two years in Internet Time? Pretty long.
Recently, I gave some reasons for SIAI to begin publishing in mainstream journals, and outlined how it could be done.
I've recently been made aware of some pretty good reasons for SIAI to not publish in mainstream journals, so here they are: