My friend, Dr. Dr. John Bloom (seriously, the guy has two Ph.D.s) has a great (albeit brief) article in the current issue of the Biola University magazine on the perils of theistic evolution.
"Theistic Evolution Isn’t Fit for Survival"
Here's his well stated conclusion:
This is not the time to be deciding what beliefs we should give up in order to help prop up a failing vision in science. In fact, I find it striking that just when the biochemical evidence for Creation is becoming dramatically clearer, some Christians who accept Darwinism as true feel that they must attack Creationists and mythologize important Scriptures. A sober look at what Darwin cannot explain should give them pause and perhaps more respect for their brothers and sisters who have solid scientific and biblical reasons for questioning this prevailing naturalistic paradigm.