Well, I was going to make a poll, but that wouldn't make so much sense, because *it depends* and I'm more interested in your arguments. It would be cool to see if ICM agrees with our instincts.
Imagine being in a game, where you have 5000 chips. It's 4-handed. 10000 chips in play.

Which of the following situations would you prefer?
Situation 1:
you: 5000
others:
1667
1667
1666

Situation 2:
you:5000
others:
3500
750
750

Situation 3:
you: 5000
others:
2125
2125
750

The blinds would have a big influence on the situatoin, because if they're huge, the small stacks are forced all-in every time the blinds come to them.
So, which situation would you rather be in? (which is most profitable?) And why? How would the size of the blinds influence your decision? Any other things to consider?