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Your second point appears to be a weirdly pervasive myth. Excellent article at http://www.microsoft.com/typography/ctfonts/WordRecognition....

Key takeaway (here): Yes, tons of research shows that people read lowercased words faster than they read uppercased words. It also shows that the difference disappears with practice -- turns out lowercase is more common 'in the wild'.

Well, not so much a myth as research and theory that has since been refuted. Good link.

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