Fastest C# Case Insenstive String Replace

private static string ReplaceEx(string original,
                    string pattern, string replacement)
{
    int count, position0, position1;
    count = position0 = position1 = 0;
    string upperString = original.ToUpper();
    string upperPattern = pattern.ToUpper();
    int inc = (original.Length/pattern.Length) *
              (replacement.Length-pattern.Length);
    char [] chars = new char[original.Length + Math.Max(0, inc)];
    while( (position1 = upperString.IndexOf(upperPattern,
                                      position0)) != -1 )
    {
        for ( int i=position0 ; i < position1 ; ++i )
            chars[count++] = original[i];
        for ( int i=0 ; i < replacement.Length ; ++i )
            chars[count++] = replacement[i];
        position0 = position1+pattern.Length;
    }
    if ( position0 == 0 ) return original;
    for ( int i=position0 ; i < original.Length ; ++i )
        chars[count++] = original[i];
    return new string(chars, 0, count);
}

http://www.codeproject.com/KB/string/fastestcscaseinsstringrep.aspx