Personnally I wouldn't care if the OF moved out of Scotland. Whether its the EPL, a European or Atlantic League, they are welcome to the disgrace that is the OF.
I believe it would then leave the SPL much more exciting. Maybe not in a skill level, but the league will be closer, more teams have a chance of winning cup competitions. Smaller teams crowds may even increase. If the OF fans can'y afford the silly ticket prices and travel costs to London, Birmingham, Stoke, etc 20+ times a year OF fans may visit their local team for a live game. My Rangers supporting brother who lives in Carrbridge goes to some ICT games already because of work and cost prevent him going to rangers games.
It probably will happen a few years down the road, but not when the OF want to join, the deciding factor will be SKY and when a EPL2 starts. That will give the Of a starting point that the other EPL teams will accept and Sky will cash in on the bigot brothers.
I would have concerns how it will affect our standing as a national team though. With Welsh, Scottish and english teams all playing in same leagues UEFA and FIFA may decide that there is a British league in all but name and try to knock the 4 national teams on the head.
Or I could be wrong and they will carry on in Scotland and we will get this story every couple of years and have to put up with the bitter bigoted brothers and all the nonsence that goes with them.