I've had homemade fruitcake a number of times, and it's always been pretty good. Of course, all of them were different, so I suppose it's all how it's made...
I did however, have a horrible experience with fruitcake when it was literally just a mushy cake with a can of fruit cocktail thrown in... Erm... it looked like, um... baked vomit *hides*
BUT, the store bought fruitcakes just crack me up, beacuse they often use those super fake candied cherries and stuff, the ones that have been pickled in Red no. 5 for about 50 years. I think they throw in a few Legos as well.