Yes, it's common in the New World. The pronunciation is not A.S.A.P, but eh-SAPP.
I say ay-sap about90% of the time and ay-ess-ay-pee about 10% of the time.
I would pronounce it as A Sap, or, as Dave pointed out, A.S.A.P. Are you from the eastern part of your country?
I say ay-sap about 90% of the time and ay-ess-ay-pee about 10% of the time.
I am still the proud possessor of a telegram addressed to 'Five XXXX, The Half Moon Pub, Elvet, Durham'.*Remember telegrams, which predated Skype and e-mail? You paid for them based on the wordcount.
I have a scrapbook containing all the telegrams sent to my parents on the joyous occasion of my birth!