One of the "New Apostolic Reformation" beliefs that should be completely rejected is the ridiculous claim that there are apostles living today that are equivalent to the original (real) Apostles from the New Testament. Here's a quick little WWUTT video on this topic:
Further reading on the apostolic/prophetic office today:
Here are a LOT of additional resources about The New Apostolic Reformation (this is probably the most extensive compilation of NAR material anywhere on the internet):
The New Apostolic Reformation Cornucopia of False Doctrine, Dominionism, Charismania and Deception (there are 30 links here to extensive articles, interviews and programs-do your homework!)
Steven Kozar started The Messed Up Church; he is an artist, musician, blogger and stuff.