Index: wp-includes/formatting.php
===================================================================
--- wp-includes/formatting.php	(revision 15301)
+++ wp-includes/formatting.php	(working copy)
@@ -2826,7 +2826,8 @@
  * @since 3.0.0
  */
 function capital_P_dangit( $text ) {
-       return str_replace( 'Wordpress', 'WordPress', $text );
+	$q = _x('“', 'opening curly quote');
+	return str_replace( array( ' Wordpress', $q . 'Wordpress', '>Wordpress' ), array( ' WordPress', $q . 'WordPress', '>WordPress' ), $text );
 }
 
 ?>
Index: wp-includes/default-filters.php
===================================================================
--- wp-includes/default-filters.php	(revision 15301)
+++ wp-includes/default-filters.php	(working copy)
@@ -88,7 +88,7 @@
 
 // Format WordPress
 foreach ( array( 'the_content', 'the_title', 'comment_text' ) as $filter )
-	add_filter( $filter, 'capital_P_dangit' );
+	add_filter( $filter, 'capital_P_dangit', 11 );
 
 // Format titles
 foreach ( array( 'single_post_title', 'single_cat_title', 'single_tag_title', 'single_month_title', 'nav_menu_attr_title', 'nav_menu_description' ) as $filter ) {