What the early church believed and taught is very important. The Apostles Creed, already in written form by the late second century, shows that the early church interpreted the passage in its correct literal and grammatical sense -- Jesus descended into hell.
The belief of the early church should matter more than those which came later.
Anyone who knows sentence structure and correct grammatical usage -- which I do -- knows that the passage can be interpreted in only one way, and that's the way the early church interpreted it and codified it in the Apostles Creed.
No amount of fallacious, misguided, and twisted reasoning can undo that truth. No amount of trying to add words that are not there can change the fact of what the passage actually means.
As the creed says in perhaps the earliest confession of the Christian faith:
"I believe in Jesus Christ, God's only Son, our Lord,
who was conceived by the Holy Spirit,
born of the Virgin Mary,
suffered under Pontius Pilate,
was crucified, died, and was buried;
he descended into hell.
On the third day he rose again;
he ascended into heaven,
he is seated at the right hand of the Father,
and he will come to judge the living and the dead."
As the Anglican Church says in its Articles of religion: "VIII. Of the Creeds. The Nicene Creed, and that which is commonly called the Apostles' Creed, ought thoroughly to be received and believed: for they may be proved by most certain warrants of Holy Scripture."
It's quite amazing and amusing to see those who claim as a principle the following of the literal meaning of scripture and what the earliest churches taught, doing all kinds of contortions, additions, twistings, etc., to try and make the passage say something it doesn't; they would make a circus contortionist proud! I guess people like this only follow the scripture literally when it fits their preconceptions.
So much for the charge they like to make of denying the Word of God, not believing the truth of God's word, heresy, etc. Moral of this story: Be careful whom thou seekest to impale, lest thou shouldest be impaled on thine own sword.
The only justifiable conclusion: The literal and grammatical sense of the scripture passage, plus the witness of the early church, settles the matter.
So, all those opposed, twist away; it won't change scripture; early church history, belief, and teaching; or the truth.
(Sorry for just now posting again -- had to get students' Logic papers graded. As I caught up on the thread, I saw that Moriah has ably fought the good fight.)