Personally, I reject the "militia rights" approach to the Second Amendment, believing in a "personal rights" approach (even in the face of contrary evidence: a historian-friend of mine who has researched the matter claims that gun ownership at founding was sparse, due to cost) that the prevailing way of life before and at founding had guns as a central feature -- for hunting but crucially also for protection -- even when the budding urban areas are taken into account. This personal use, I argue, gives an important key to understanding the controverted language of the Second Amendment.
That said, this is a right that must be earned and should be severely regulated.