Scientific issues aside, since when has anyone recently done some good theological work on the flood texts ? It seems like everyone is scared out of their pants to even approach this beautiful scripture. I think its implications for today are vast and dreadful.
"But they deliberately forget that long ago by God's word the heavens existed and the earth was formed out of water and by water. By these waters also the world of that time was deluged and destroyed. By the same word the present heavens and earth are reserved for fire, being kept for the day of judgment and destruction of ungodly men." (2 Peter 3:5-7 NIV)
I love it how the petrine tradition re-works this text into its discussion of eschatology. In the eyes of the Eternal One the earth has received universal judgment in the past, and it will receive universal judgment in the future by the same decree. There is a timelessness to the Word here that governs the course of history and moves it precisely to the proclaimed end.