There has been an on-going and interesting exchange between Sam Storms and Michael Patton at Parchment and Pen on the issue of the charismata. Storms has written a good article giving 10 bad reasons for being a cessationist and 10 good arguments for being a continuationist. Patton has responded with his case for cessationism. Unlike most traditional cessationists, Patton doesn’t claim that the Bible teaches cessationism per se. He admits that his primary reasons for holding to cessationism are experiential in nature: both his own lack of experience of the charismata, as well as the general lack of the charismata throughout church history. He calls this a de facto cessationism. This differs from traditional cessationism in that it claims the gifts have ceased as a matter of fact, rather than because of a matter of necessity. While he finds Biblical support to show reasons for this de facto cessation of the charismata, he does not believe the Bible demands that the charismata cease.
Storms also has a great treatment of tongues, clearing up many of the misconceptions about the gift, as well as demonstrating how so many of the non-charismatic criticisms of the gift miss the Biblical mark. Patton also addressed tongues, which Storms’ responded to. I would highly recommend reading through the dialogue.