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I assume you mean serious protestant theology rather than protestant apologetics/popular theology?
Serious, academic Protestant Theology should be taken seriously as another Christian attempt to follow theological methods in thinking about God and related matters.
An example of this would be Hans Urs von Balthasar’s study of Karl Barth, the great Lutheran theologian of the 20th century.
You have to understand that much of Prot theology today goes far beyond the polemics of the Reformation. Thus, their contribution, if studied with prudence, can be considerable.
Having said this, most Catholics should stick to reading Catholic theology (and by the way, most of the material seen on an apologetics forum like this is not representative of what is going on in the world of Catholic Theology).
You gave us a responsible post…BUT, can you demonstrate that this New Protestant Theology has sifted down into the pulpits of the Protestant Churches of today?
If the answer is, “No!”, then of what practical use is it?