Cold cereal- crunchy or mushy?

[HejiraNYC]

Originally Posted by gretchen

Puppy Chow or "Muddy Buddies"

Ingredients:
9cups Chex cereal (any variety)
1cup semisweet chocolate chips
1/2cup peanut butter
1/4cup butter or margarine
1teaspoon vanilla
1 1/2cups powdered sugar

Preparation Directions:
1.Into large bowl, measure cereal; set aside.
2.In 1-quart microwavable bowl, stir together chocolate chips, peanut butter and butter. Microwave uncovered on High 1 minute; stir. Microwave about 30 seconds longer or until mixture can be stirred smooth. Stir in vanilla. Pour mixture over cereal, stirring until evenly coated. Pour into 2-gallon resealable food-storage plastic bag.
3.Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.

Stove-Top Directions: Into large bowl, measure cereal; set aside. In 1-quart saucepan, heat chocolate chips, peanut butter and butter over low heat, stirring frequently, until melted. Remove from heat; stir in vanilla. Pour mixture over cereal, stirring until evenly coated. Pour into 2-gallon resealable food-storage plastic bag. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.

Where'd you get this recipe? The Elvis Presley Cookbook? It sounds like enough calories to feed Haiti, but it also sounds insanely tasty. I wonder what this would taste like deep fried? Mmmm...