Well, as of this post, you guys aren't helping me as the vote is 14 IN and 14 OUT. I'll probably just mount the resale setup with the letters in, just to be safe.
I've always thought that raised white letter tires add to the "sport" look. So, for me, I would prefer the letters out on my red and black, Night Edition Rebel. Now, the RWL didn't look right with the night edition wheels that came on the truck, but with my TRX Ignition Edition wheels, they look great.
Unfortunately, the previous owner of my new tires stacked them for a few months and the white letters are now brown and I cannot get them white again, so I'm going letters IN on my truck.
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