Is Federal Vision heresy?

The following is from Flock Alert:

“Many are honestly confused about the Federal Vision, and are looking for a quick, basic understanding of it.  As such, here we offer a crash course about this enormously influential movement.

“The following resources demonstrate that the Federal Vision is indeed a heresy of the worst kind, and perverts almost every doctrine related to salvation.  It is [sic] has much in common with N. T. Wright’s theology, and is essentially a form of Roman Catholicism in sheep’s clothing.  It denies justification by faith alone, Christ’s active obedience, and perseverance of the saints, and holds to salvation by works (for instance, the soul damning heresy of baptismal regeneration).”

Read the entire article here.