The New King James translators  

Marion H. Reynolds Jr. of the Fundamental Evangelistic Association reveals a little-known fact:  

"The duplicity of the NKJV scholars is also a matter for concern. Although each scholar was asked to subscribe to a statement confirming his belief in the plenary, divine, verbal inspiration of the original autographs (none of which exist today), the question of whether or not they also believed in the divine preservation of the divinely inspired originals was not an issue as it should have been. Dr. Arthur Farstad, chairman of the NKJV Executive Review Committee which had the responsibility of final text approval, stated that this committee was about equally divided as to which was the better Greek New Testament text-the Textus Receptus or the Westcott-Hort. Apparently none of them believed that either text was the Divinely preserved Word of God. Yet, all of them participated in a project to "protect and preserve the purity and accuracy" of the original KJV based on the TR. Is not this duplicity of the worst kind, coming from supposedly evangelical scholars?" 

 Not "the real thing" 

What Mr. Reynolds points out is very important to understand. There were basically two groups of translators working on the NKJV. One half believed that the perverted 45 Alexandrian manuscripts, from which came the Roman Catholic Bibles and the modern perversions, were better than the manuscripts behind the King James. The other group believed the thousands of manuscripts supporting the King James were better. This is a big problem: No one believed that they held God's words in their hands, only a "better" or "worse" text! The translators believed they had something close, but not an accurate Bible. It is a sad thing when a Bible translator doesn't even believe he has God's words in his hands. It sounds like they don't believe God kept His promise:  

Heaven and earth shall pass away: but my words shall not pass away. (Mark 13:31)  

Perhaps that is why some of them had no problem working on other perversions, both before and after working on the NKJV. This is so unlike the 54+ Bible men who faithfully translated the King James Bible from preserved manuscripts of God's words. The difference between the King James and the "New" King James is the difference between day and night. 

Compromising God's Words

Many Christians are discovering the miracle of God's words in English. But the enemy has tried to insert a monkey-wrench: the NKJV. Pastors approve it, "scholars" promote it, but the NKJV is a wolf in sheep's clothing. The New King James is just a compromise between the liberal, perverted Bible versions floating around and the rock-solid, accurate and preserved words of God, the King James Bible.

Brothers and sisters, don't settle for anything less than God's words.

Source: http://www.chick.com/ask/articles/nkjv.asp