Not wishing to start a political or idealogical argument here by the way, it's just an issue that is close to my heart! :D
Perhaps as an American, I'm not the best person to be commenting on this
I think it's interesting to hear the views of slightly more independent spectators... hundreds of years of Scottish vs English rivalry (not always as good humoured as it tends to be these days) can cloud things locally.
Put simply, no, I am not in favor of Scotland becoming independent. The impetus behind the 2014 independence referendum seems to be largely driven by Scotland
Isn't this the way it should be? Wasn't American independence driven by America?
Other issues such as continuation of the monarchy and foreign relations do not seem to be as clearly enunciated as the economic and financial ones.
I agree that foreign relations, particularly the status of Scotland (and indeed possibly a constitutionally different United Kingdom) within the European Community are an uncertainty, as are the ability of Scotland to secure international loans to assist it in funcing its share of the UK's financial defecit that it will inherit, lacking any "credit rating" as a new country. The status of the monarchy however is I think pretty clear cut. The Queen is after all the Queen of Scotland in her own right, the crowns being merged by King James VI of Scots (who went on to take the title of King James I of England).
In my opinion, the fundamental arrangement of the constituent nations of the United Kingdom does need an overhaul. A federated system, such as what exists in the United States and elsewhere, might go a long way to solve some of the governance problems facing the British government, such as the West Lothian question. England, Wales, Scotland, and Northern Ireland would have separate executives, legislatures, and judiciaries administering affairs on a local level, but there would be a central government for national and international affairs. The central government, embodied by Westminster and Downing Street, is what is there now, but there is not really a working local level analog for all the constituent nations.
"Federal" seems to be a dirty word in British politics but to me, it isn't such a bad idea. We're already part way there with the Scottish Parliament and the Welsh and Northern Irish Assemblies. As there is no equivalent for England, issues like the West Lothian question (where Scottish members of Westminster parliament can vote on England specific legislation) do exist and this needs to be resolved - another argument in favour of more local assemblies, leaving Westminster to deal with national issues like defence and foreign relations. This is what most people expect the devo-max option to entail though in theory, it should be applied across the UK.From what I can see, the devolved powers and local government that we have had since the Scottish Parliament reformed in 1999 has overall been of great benefit to Scotland.