I think as long as these "1337" speakers can also write formally when needed, I see no problem with it and have no desire to condem them. I think it is actually interesting as a social statement and a nice representation of internet culture.
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Here are some phrases I'd like to be able to say, in all honesty, before I die.
"That's it, send out the ninjas!"
"So then I had to kill my way to the second floor."
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