Nepal just overthrew their monarchy and established a Republic. By most measures, this is a Very Good Thing, and I applaud them for taking a massive step in the direction of becoming a modern and productive member of the global community.
My major qualm is that their largest party right now, which currently holds a majority of the elected seats, is the Maoists. Until 2 years ago, this party was actually a violent rebellion. Thankfully, they've largely moved away from violence, for now, but I worry that, having so recently engaged in it, they may still see it as a valid means of solving governmental problems. The fact that they base their political philosophy on a famously oppressive dictator doesn't help.
For an alternate perspective, a friend of mine,
squid314, has been traveling through south-east Asia of late, and just arrive in Nepal yesterday, coincidentally right as this resolution went through. He posted about it here:
http://squid314.livejournal.com/224719.html