Ohhhh, NEWLYWEDWS: You are SO right about the RED VELVET CAKE!
I know everyone has individual tastes and of course, they're entitled to them. And the cc frosting does taste ok on it, too.
But the homemade scratch cake, (like your granny's recipe you've posted) and the original Mary Kay type frosting is the real deal!
And, also, NEWLYWED--as you stated earlier, the TRUE RVC will indeed be very light in crumb (similar almost exactly to the way a Pepperidge Farms frozen cake feels on the tongue), and has a slight "bite" (though ever so slight) to it on first taste. Almost floats around in the mouth. I'm thinking that the little "bite" you get comes from the massive amounts of red coloring, perhaps?
Like I said, I've had it both ways. I just always ask what the customer wants (most of 'em here want the Mary Kay type) and then give it to them!