Monarchy could be the best system--- if the monarch doesn't intefere with the decisions that jantas make through parliament, if the monarch just remains as the symbol of unity in the country, if the monarch does stuff that deserves respect, if the monarch does not take money from the dhukuti of the country like in the past and so on.  

Abt making better Nepal: I am sure Gyanendra Shah worked in the best interest of Nepali people but he is neither qualified nor he has good advisors around him to make things work for Nepal. And, I am sure there are  lots of leaders who are working in the best interest of Nepal but again a lot of them are neither qualified nor have good advisors  and as Gyanendra Shah, they have their own interests which have come before the interest of Nepal. 
 
We are frustrated by the present situation, present leaders  but that does not mean that we should revert to kingship. The beauty of democracy is "People rules the country" . If we don't like someone, we choose someone else and there is chance that  one of us can reach the place to rule the country.  We know it has not been the perfect scenario as far as democracy is concerned but again, we are in the process of making it better. Issues are hard core, good/educated/visionary leaders are scarce, but since we are in the path of people's rule, I would like to believe that  some good/amazing leaders are in the process of making among ourselves.
Jai Nepal....