While no “Cambridge University Study” has ever been found, this is still a fun exercise for your brain . . . try reading the paragraph below. Pretty amazing, isn’t it?
Olny srmat poelpe can raed tihs. I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid. Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn’t mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and last ltteer be at the rghit pclae. The rset can be a ttaol mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod a s wlohe and the biran fguiers it out aynawy.
Of course, it is total bunk (at least on the Cambridge University Study piece), but fun nonetheless.
Here are a couple of related articles about this.