Traditional spelling are ok by me, and asterisks are traditional - if we can tolerate things like FOTFL, IMHO, and SOH, what's wrong with a few asterisks between f******s?
Actually half the time with these acronyms I have to guess what they mean, and I tend to fill them in with r**e words. Which makes some of them absolutely disgusting. All in the mind, you know.
K****n