The entire most recent issue of the Criswell Theological Review is dedicated to Christians and alcohol. They published an article by Dr. Richard Land and Dr. Barrett Duke which argues that alcohol, while not inherently evil, ought not to be consumed by Christians at all. They also included an article by Dr. Kenneth Gentry which argues that a moderate use of alcohol is permissible for Christians. [Note: I have not yet read these articles, but it sounds like a good discussion.]
[HT: Denny Burk]