The debate between dispensationalists and covenant theologians has raged for decades and shows no signs of abating. In the midst of that debate some have tried to carve out a middle path between the two. Unfortunately, there has rarely been an attempt to produce a major volume articulating such a middle road.
Into that gap step Peter Gentry and Stephen Wellum. Both teach at Southern Baptist Theological Seminary; Gentry teaches Old Testament while Wellum teaches Systematic Theology. Together they have written Kingdom through Covenant: A Biblical Understanding of the Covenants. In it they argue for a position they label “progressive covenantalism” as a middle road between dispensationalism and covenant theology.
I am only half way through the book right now, but The Gospel Coalition has published three reviews from three different theological perspectives:
They have also now posted a response to these reviews by Peter Gentry:
Regardless of where you land on the theological spectrum, this book is a major contribution to the conversation and deserves a careful read.