This came up on the "most dangerous heresy" thread in the open forum, so I decided to see if we could get a discussion going on it. Is dispensationalism a heresy?

Keep in mind it's a broad term. While I think every one here would repudiate classical "extreme" dispensationalism (although the question of heresy still stands) I don't think I'm the only one here who finds themselves somewhere on the shelf between the book ends of dispensationalism and covanent theology. i.e. there's progressive, new covanent theology, etc. etc. etc.

So, what sayeth thee?

(Latin phrase goes here.)