How do you feel about the NKJV?
I think that the NKJV is basically an NIV which has been stylistically rendered in a manner simlarly to the KJV, but is not a KJV.
In other words, in one of the most often mis-used passages of Scripture -- Romans 13, which has been abused to suggest that Christians should submit to a near-total subordination to Government -- the NKJV suffers from the exact same problem as the other Modern Translations... it suggests no "check" whatsoever on the Power of Government.
The Old King James, archaic though its wording may often be in many places, is the more accurate translation of the Romans 13 Greek, "higher powers", and thereby implies a check on the power of Government (the State's subordination to God) -- an important theological distinction which the Modern Translations (including the NKJV) do not preserve.