Here is a very interesting program: Lincoln Christian University's online MA in Bible and Theology. Program Overview: M.A. in Bible and Theology (Online) They allow for a final paper, or a field-based project. Also, they allow for 18 hours to be transferred in; that's even more than Campbellsville Univ., which allows 12 hours of transfer. This is a new program to me; I hadn't seen it before. I thought someone might be interested in it.
I believe this degree is being offered for the first time this school year (2011-2012). It's not listed in their catalog from last school year. I really like the flexibility of this degree program.