In case you were wondering how to pronounce Linux this article links to Linus Torvalds saying lee-nooks but lin-icks and lie-nuks is okay too.
Usually the long i sound has the magic e in the word, so we use the long i sound in fine, pine, mine and the short i sound in pink, ring, link - so saying lie-nuks sounds weird to me. On the other hand if someone pronounced linotype as lee-notype that wouldn't sound correct or be in accord with Websters pronunciation since it calls for the long i sound.
I guess it really doesn't matter as long as people understand what you are saying.
