For example
http://api.stackoverflow.com/0.8/stats?key=TEST1234&type=jsontext
Request with Invalid key still return the content and rate limit stepped down into No Key Limit
X-Ratelimit-Current 290
X-Ratelimit-Max 300
Even If I change key to another invalid key, its still continue to decrement X-Ratelimit-Current
But this getting started page says
Requests with invalid or revoked keys are not completed, they are not stepped down to the No Key limit.
Edit: Fixed!