I hate studying openings...I mean, what's the point? There is so much theory out there and it's hard these days to keep up. Especially when you've got a 9 to 5 that demands all of your time, and your very life force lol. Besides, I like to work things out OTB. It makes for a more interesting game.
I find that I commit a lot of errors in my openings, but most of the time a lot of people fail to capitalise on this and I usually have my way with them. However I must state that it happens with only low rated players (players on my level)...I get my behind handed to me whenever I try that with someone who knows what he's doing.
Still...I think Chess (like life) is more interesting when you make (pleasant) discoveries on your own, than when you just confirm established theory.
"What has been will be again,
what has been done will be done again;
there is nothing new under the sun" - Ecclesiastes 1:9 (NIV)