I use dry tvp granules as a cereal (more as a cereal base, because I add other ingredients because tvp has almost no flavor of it's own).
TVP nutritional info:
Serving Size: 1/4 cup dry
Total Fat 0g
Total Carbohydrate 7g
Dietary Fiber 4g
TVP looks and tastes a bit like "Grape Nuts" cereal. Crunchy, but really, really bland.
I use an reduced-carb exchange plan, so I'll use tvp as the base (1/2 cup counts as 3 protein exchanges), and then I'll add other ingredients to spike up the flavor. For example cinnamon, vanilla, pecans, almonds, unsweetened coconut flakes, berries, artificial sweeteners...
It also makes a nice hot cereal by adding hot milk, water, or almond milk to the tvp and then microwaving.
Cold or hot, I usually use almond milk as the liquid (2/3 cup = 400 calories or 1 fat exchange) .
From what I understand, excessive soy intake can be unhealthy for women because of the plant estrogens, but one serving of soy-based foods per day is considered fine for most people. I usually limit it to 5 servings a week to be cautious, because I do have thyroid and other endocrine issues.
I love oatmeal, but not the carb content or glycemic load, so I'll mix tvp and sugar-free instant oatmeal and Splenda. It's as good cold as it is hot (instant oatmeal is pre-cooked, so you don't have to heat it, you can eat it as a cold cereal).