In my opinion, Taiwan deserves a place in the UN, Taiwan deserves its indenpendency and it should be granted the status of a country of its own. Whether this country is going to be called "Republic of China" or "Taiwan" doesn't really matter. If the Taiwanese want to be independent - and it seems as if they did - they should be able to!
My Taiwanese sister (well, she's not my sister by birth, I am not Taiwanese) also thinks that Taiwan should not be part of China, be she and many Taiwanese are afraid of what China, the big dragon, is going to do after Taiwan declares independence. That's why she's really torn because of course, she wants her family and herself to be in safety and not involved in war.
Also, the only reasons why most states have broken their diplomatic ties with Taiwan is because they are afraid of Chinese consequences (economy and so on). Most countrys have consulates in Taiwan that act as embassies!
As a further reading, I recommend the following website why Taiwan should be part of the UN which would grant them a more independent status:
[link]
Theedee