Just as there are different shades of Covenant Theology, so are there with NCT. For example, I would say that my Church (while myself being Covenantal) is more along the lines of Continental Reformed in that they say the 4th Commandment was mostly spiritual (with which I disagree); however, my church would still reconize the decalogue as being binding. However, there are other shades of NCT, such as espoused by Fred Zaspel and Tom Wells in their
New Covenant Theology, which some would say tend towards antinomianism (i.e. a cross betwen CT and Dispensationalism). Here are some good thoughts from Covenantal Reformed Baptist Sam Waldron:
http://www.samwaldron.us/pdfs/NCTIntro1.pdf http://www.samwaldron.us/pdfs/NCTIntro2.pdf http://www.samwaldron.us/pdfs/NCTIntro3.pdf http://www.samwaldron.us/pdfs/NCTIntro4.pdf