I consider myself at the moment a “high church” catholic/orthodox Christian (Anglican), but the whole “sola scriptura” idea is potentially full of epistemological problems. Texts never interpret themselves, but are only meaningful within a given context. If anything, this is the lesson of postmodernism, something many Protestants absolutely need to take to heart. I cringe every time I hear somebody say “But the Bible says…”. That’s ONLY true within a certain context. Outside of an authentic context that is based in a tradition, your can make the Bible say lots of crazy stuff and that’s why many intellectuals in Protestant countries have problems taking Christianity seriously, because many Christian groups misrepresent what the Bible can, and cannot do.
There are some exceptions: Anglican bishop N.T. Wright (himself in the Evangelical/Broad Church camp) is a good example though of an Evangelical scholar who has taken a fresh look at “what the Bible really says”, especially in an historical context (and not one based in medieval Latin anti-semitism, like Martin Luther), and actually alot of the conclusions he came to, are very close to the Orthodox/Catholic views of salvation, eschatology, and the role of the Church in the world. Of course, this hasn’t won him many fans among Reformed Evangelicals.
Traditionally in Christianity, layman approached the Scriptures to look for inspiration, not theology or creedal type beliefs, which were found within the contexnt of the Church or their faith community. It was only when people in the later Reformation started trying to figure out “what the Bible really says” that you started getting thousands of different Protestant sects, each one with their own unique take on “Truth”.