American Baptist Split
The board of the Pacific Southwest voted unanimously to withdraw from the American Baptists, making the split official. There is speculation that other regions will soon be leaving the church as well.
The issue is over homosexuality. The ABC condemns it, has a number of statements against it, but this is not enough for the right because they have not sought to punish or remove gay friendly ABC congregations because of their congregationalist polity.
It's hard to see how the right can claim the "traditionalist" mantle when you have baptists arguing against congregationalism, anglicans arguing for congregationalist polity in liberal dioceses, and presbyterians arguing against a reformed view of scripture.
The only thing which seems to unite such folks, besides their disregard for their own religious heritage is the effort to stop gay inclusion and acceptance within their respective denominations. It's become the new litmus test and thus it's a sad day for the church.