I just thinking how do you pronounce pwnage?

do you pronounce it the "make love not warcraft" PONE-AGE way?

do you pronounce it the phoenetic PAWN-AGE way?

do you pronounce it the wierd PRAWN-AGE way?

or do you discount the P (since the term was a spelling mistake originally anyway) and just pronounce it OWN-AGE?

Discuss...