So how do you pronounce FAQ?

Do you pronounce it as it is spelled...F-A-Q or do you pronounce it as "facts" like a word? 

I have always wondered how others approach this conundrum.  When I first learned of this method of answering those burning questions, I pronounced it more like the word- "facts."  As I heard others speak about FAQs, they majority seemed to pronounce as it is spelled.  I suppose there is no proper way...maybe there are some grammar rules that come into play...but I never liked language arts classes in school so my attention was not the greatest.  I wish I could drop a poll on here to see how the netizens feel about it.

I know, this is probably not what you expected to find when you sauntered down this path. It is early in the development of this site and I did not have anything really meaty to begin with, so stay tuned...it will probably get better.