One of my professors when I was in seminary, Dr. Bill Combs, has been writing a series of posts on the KJV-only issue here. They’ve been very good, and I’d encourage you to read them.
I’ve had those of this persuasion tell me that the rise of newer translations divides and splits churches, but my experience has been quite the opposite I’m afraid. In fact, there’s a new church starting in our metropolis of Orwell (population 1,519) because we (Orwell Bible Church) are not KJV-only (and because we believe what the Bible says about election).
Another series of posts just beginning is by a pastor friend, Mike Harding of First Baptist Church of Troy, MI (one of our supporting churches when we came to Orwell). He is addressing the issue of Christians imbibing alcohol, particularly those of fundamentalist background and conviction.