Date: 2008-02-24 05:58 am (UTC)
I read them as *bold* _underline_ /italics/.

Having said that, I hardly use the italic notation because my first thought on seeing it is 'Regex!'. When I'm writing somewhere that accepts proper bold etc. I use the symbols as a half measure, for slight emphasis. And also for actions (*hug*). Underscores as underline is useful when I want to make it very clear that the text is not a link.

The normal display is -> italic, -> bold. The easiest way I find to think about it is that and are pronounced the same as normal text, whereas and are not. Most of the non-emphasis bolding I do is already wrapped with some other tag, so I use CSS.
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