Okay, weird random poll for a Friday afternoon...

How do you personally pronounce "MOTU"?
As single letters - "M O T U", or as a word, as in "Mow-Too"

I mean, I've always thought of it as single letters, and never thought of it as being anything else, until I noticed a while back that in some of Pixel Dan's figure reviews he pronounces it as a word, as in "mowtoo".

I guess it had just never crossed my mind before, and am just interested how other people say it.
Not the most exciting poll in the world I know!!