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what is "NCT?"

As much as I love these boys here at this site, I believe they will not provide you with a fair assessment of NCT.

A good place to research are two websites (they have links to others you can do further research)

In-depth Studies

Sound of Grace

A couple of notable authors who would lean toward NCT thought are DA Carson and Doug Moo. Moo's essay in the book Continuity and Discontinuity: Essay's in a continuing debate, does a good job of highlighting NCTs essential understanding of OT and NT ethics.
Also, two pastors, Tom Wells and Fred Zaspel, have co-authored a book called New Covenant Theology and can be purchased at the sound of grace site. It is a fine introduction to the issues and what NCTers are thinking. They even have a rejoinder to Richard Barcellos book giving a negative critique against NCT.

Fred

"Ah, sitting - the great leveler of men. From the mightest of pharaohs to the lowest of peasants, who doesn't enjoy a good sit?" M. Burns