I'm shocked, SHOCKED at the number of crunchy bix eaters here. I thought soggy was the only way to eat it. I never eat it until it's been soaking for a good few minutes. I'll take my raft crunchy, but my bix soggy.
When I think of Shredded Wheats, I think of the large "Muffets". Was that a Canadian only thing? We'd make them by letting them soak in hot water for a while, draining the water, then pouring on cold milk and sugar.
Whenever I ate shreded wheat when I was a kid (not frosted miniwheats) It was either the huge ones with a bit of milk and honey or the fruit/rasin filled ones that are nearly impossible to find anymore but were absolutely fantastic.