Bleep

So, you know how curse words on television shows used to be completely bleeped out, and now they tend to just have the middle of the words bleeped out? It's like "fbleepk" and "shbleept." I am really curious as to what the point of even bothering to bleep at all is, at this point. Because it seems to me that people who really want to hear words bleeped out probably aren't satisfied with a censoring mechanism that makes it patently obvious what the word being bleeped is, and the rest of us don't fbleepking care.