Nice, I didn't know there was actually a name for it. My 15 years of coding experience has just taught me it's the far better way to code.
It's one of my peeves to be following code paths and oh look, now we're in a situation where it's if (OK) { if (OK) { if (OK) { if (OK) { ... } } } } and I'm trying to remember what all the conditions were to get here since it's long since scrolled off the page. I always find myself thinking "why, why didn't you just return way up there!?"
