Do we read by just looking at the first and last letter of a word and its length?
Uncle Jazzbeau’s Gallimaufrey: visual word recognition is a blog entry with responses on this subject. It is complete with examples of texts with the middle letters of words scrambled. The idea that the order of the middle letters doesn’t matter is something between an urban legend and the subject of psychology tests.
Perhaps we need a TAPoR tool for this. Unfortunately this would only help spammers.