Some of you may not be aware, but this year (2011) there was a major revision of the NIV. This revision makes the NIV less faithful to the original text by making it “gender-neutral.” For more details about this revision, see here (http://www.dennyburk.com/critiquing-gender-language-in-the-new-niv/).
The point of this post, however, is to let you know that if you see yourself using the NIV in the future, you should probably stock up on the 1984 version. The bad news is that you won’t be able to get these for long, because they are being replaced with the new 2011 version. The good news is that you can get the 1984 edition for deeply discounted prices as they are being closed out. See here for special savings from CBD on the 1984 NIV.
As most of you know, my preferred translation is the ESV and I recommend that you switch to using it or the HCSB. I believe that these two translations will be those most widely used for at least the next generation. They both maintain the readability of the NIV while at the same time being closer to the original text. But, if you want to stay with the NIV (which is perfectly fine in many ways), I recommend that you stock up with the 1984 edition currently being offered at CBD.
For those concerned with those reading anything other than the KJV, please see my series on Bible translations from several years ago linked below. I know this series doesn’t answer every question, but it could be a good starting place to think about these issues.