Direct casting vs 'as' operator?

Consider the following code:

void Handler(object o, EventArgs e)
{
   // I swear o is a string
   string s = (string)o; // 1
   //-OR-
   string s = o as string; // 2
   // -OR-
   string s = o.ToString(); // 3
}

What is the difference between the three types of casting (okay, the 3rd one is not a casting, but you get the intent). Which one should be preferred?

string s = (string)o; // 1

Throws InvalidCastException if o is not a string. Otherwise, assigns o to s, even if o is null.

string s = o as string; // 2

Assigns null to s if o is not a string or if o is null. For this reason, you cannot use it with value types (the operator could never return null in that case). Otherwise, assigns o to s.

string s = o.ToString(); // 3

Causes a NullReferenceException if o is null. Assigns whatever o.ToString() returns to s, no matter what type o is.

Use 1 for most conversions - it's simple and straightforward. I tend to almost never use 2 since if something is not the right type, I usually expect an exception to occur. I have only seen a need for this return-null type of functionality with badly designed libraries which use error codes (e.g. return null = error, instead of using exceptions).

3 is not a cast and is just a method invocation. Use it for when you need the string representation of a non-string object.

1. string s = (string)o; Use when something should definitely be the other thing.
2. string s = o as string; Use when something might be the other thing.
3. string s = o.ToString(); Use when you don't care what it is but you just want to use the available string representation.