Greg,
You haven't said anything at all to dissuade me a bit. While I do see value in inductive Bible study (not that you don't, but you did put it in a negative light), and I am not suspicious of my initial understanding of a text so much as I realize that I can't settle there. It's just the beginning. The NT is applied, but not in my initial exegesis (well, not intentionally, but it's probably impossible not to be considering it the whole time). The rest of what you said was right on. I love what you say about Romans. This is so foundational to the Gospel, and freeing in our efforts to pour the truth into the hearts of the lost.
You say that you were given the disp. herm., but what you describe is not, I can assure you. What you were given seems strange to me. That's one of the things I've been trying to express. Much of what passes for the disp. herm. is simply a fabrication used by many modern dispensationalists. They are dispensational because of their theology, and have been taught some poor methods of Bible study. I hesitate to even call it exegesis.
Also, I am not unsettled in my hermeneutics, nor confused. I don't have all the answers, but am perfectly comfortable with the exegetical process I have been taught. Remember, that's what they do at TMS. It's not about training men for other pursuits in ministry here. It's about training men to study Scripture and preach. The curriculum is language heavy, exegetically heavy, theologically heavy and expositionally heavy. There are some pastoral ministries classes as well, but that's pretty much it. It's almost impossible for someone to go through the program here and not receive good training from exegesis to exposition. Then it's a matter of practice and implementation.
I read (quickly) "Seeker's Prayer." I'm mostly in agreement. I don't give altar calls (except to challenge people's hearts where they are). I don't say a prayer with them. I don't have them fill out a card. I don't have them raise their hands. I don't have them walk the aisle. In fact, you might even find my approach to church membership and baptism a bit stifling. Many definitely think it's too stringent. But I'm called to protect the bride of Christ, not placate the whims of man; especially in regard to the abominations of easy-believism.
It seems to me more a matter of many here not quite understanding the hermeneutics I'm speaking of. The practice of many within the dt camp is being read into all dispensationalists. I did not discover the power of the sovereignty and grace of God through Covenantalism (though some who were CTs helped). I realized it through the power of God's Word, just like most of us did. Dispensationalism doesn't threaten that in the least. TULIP is not denigrated by Deut. God is just as sovereign for a DT (who submits to Scripture) as a CT. And even those who understand and are faithful to the hermeneutic do not necessarily come to the same conclusions or agree on every issue; just like in CT. I hope I've shown that to some degree here.
So, again, what is the root of our difference in hermeneutics?
Sovereign Grace Ministries, eh? My son had CJ autograph his MacArthur Study Bible. MacArthur hasn't even autographed it (yet), just CJ. Two of his favorite preachers and authors are CJ and RC Sproul. But he's still a Dispensational...

It's hereditary you know...
[Edited on 6-8-2006 by Wannabee]