I disagree. When we write /lay/ as an equivilent to the letter e in Hawaiian, it is incorrect. That better represents the ei in lei. The sound that e makes in Hawaiian is a short e sound best represented by the e in a word like bet or /eh/. This is a 3 syllable word, where it is pronounced ah-OH-leh, with a clear break in sound before the a and between the a & o.