Looking forward to reading this paper by Scot McKnight (snippet from TSK):
Here’s my point: if you narrow the emerging movement to Emergent Village, and especially to the postmodernist impulse therein, you can probably dismiss this movement as a small fissure in the evangelical movement. But, if you are serious enough to contemplate major trends in the Church today, at an international level, and if you define emerging as many of us do – in missional, or ecclesiological terms, rather than epistemological ones – then you will learn quickly enough that there is a giant elephant in the middle of the Church’s living room. It is the emerging church movement and it is a definite threat to traditional evangelical ecclesiology.
You can get the paper (requires Acrobat reader) here.