MMORPG Pronunciation?

Yesterday, a friend and I were discussing a quite odd topic... How do people pronounce MMORPG? Of course there is normal people who pronounce MMORPG in its letters. But then you have your nerds like my friend I (and probably quite a few of you too :P) that have to come up with some odd way of saying MMORPG. So how do you pronounce MMORPG? muh-mor-puh-guh? emem-orp-guh? or is it memo-r-p-g? I don't know, just gives you something to think about.