Much of American christendom looks like this today (albeit with variations given post-modern emphasis on small "t" truth). It seems to me that the dividing line is still Scripture and its authority or lack thereof. Christianity's inability to solve the issue of Biblical authority is still the major issue at hand. Post-modern attacks, as I said above, on truth still have not been solved, by either a "sticking your head in the sand" approach or a more post-modern "anything goes" approach. To state it another way, the literalist and expressivist camps have both failed to convince anyone of their position. The result is that those who don't find their home in either the literalist or expressivist "camp" have no home at all. One should not underemphasize how large this group of is and how it grows daily. I don't find myself in either camp which is what has necessitated what I am working on now. There has to be a "via media" (as I have mentioned in a more recent blog post) that values both Scripture and human cognition without discounting one or the other.
To answer my questions (and perhaps ease my mind relative to my own faith) I have begun to dig through all of my systematic theologies, etc. I was lucky enough to have gone to a Bible believing (almost literalist) seminary in Gordon-Conwell and a less than believing grad school in Boston University. Both schools helped me to build a vocabulary, thought process, and library that now aids me in this journey to find the middle way.
The long and the short of it is that I have found what I believe to be the most helpful book on this topic for me: Donald Bloesch's Holy Scripture: Revelation, Inspiration, and Interpretation. There are others that are helpful as well, but for me Bloesch has been the best resource to help me through this process. Periodically I'll be posting here as I work my way through Bloesch's volume section-by-section. The point isn't to affirm everything that Bloesch writes, but the engage with Bloesch from my own journey.