I don't know if it's helpful to you (you can tell me), but nice little ditty came to mind this week to try to explain the difference between inductive Bible study and default pre-modern way Scripture is used (and I might throw in here the postmodern way it is used in theological interpretation). We were talking about the book of Matthew at the time.
"What I see you doing in this assignment is bringing the book of Matthew into your world. Inductive Bible study aims to get you into Matthew's world."
What I was trying to say here is what I have said elsewhere about the fact that we inevitably provide most of the "glue" that holds the individual bits of the Bible together into a coherent whole. The question that sparked this comment was an assignment in which we were going through the Great Commission and asking questions of Matthew's text like "When does Jesus receive all authority in this text?" I was expecting to have a dialog over whether the resurrection that has just taken place has brought Jesus this authority.
But understandably we got into a theological discussion about Jesus as the second person of the Trinity. Thus the comment, we can easily find ourselves bringing the words of Matthew into our theological world. The much more difficult skill--and one that often does not come naturally or easily--is to be able to get into the world of Matthew, to read Matthew as it stands in its own right without blurring its thought with thought from elsewhere.
This gets back at the question of theological interpretation. To me, it's perfectly appropriate--but don't confuse it with the original meaning.