Place oven rack in lowest position. Preheat oven to 325 degrees. Reserve 2 tablespoons of cherry juice and halve 6 cherries for icing; refrigerate. Add enough water to remaining cherry juice to make 1 1/4 cups. Chop the remaining cherries and drain; set aside.
In large metal or glass bowl, combine cake mix, liquid and almond extract. With electric mixer on low speed, beat 30 seconds; increase speed to medium and continue beating 1 minute. Fold in cherries. Pour batter into a 10" Angel Food Cake Pan. Bake for 47 minutes or until top is golden brown and cracks in cake are not sticky but very dry. Top should spring back when lightly touched. Immediately, turn pan upside down onto glass bottle or heatproof funnel. Let hang 1 hour or until cake is completely cool. Use a long metal spatula or knife to loosen sides of cake; remove from pan.
In large glass bowl, beat egg whites until soft peaks form. Place sugar, corn syrup, cherry juice and water in small sauce pan. Do not mix or stir. Cook on medium high heat. Bring to a boil and boil 2 minutes or until sugar syrup registers 240 degrees on candy thermometer. With mixer on high speed, beat the egg whites while slowly adding the syrup in a thin stream. Beat until mixture is thick and glossy. Add almond and vanilla extracts; just beat until blended. Immediately spread icing on cake before it sets up. Decorate with cherry halves.
Do not grease cake pan.
The icing will be a light pink, add a few drops of red food coloring if you prefer a darker pink.
Set out the egg whites about 30 minutes or an hour before using. Do not leave them out for an extended period of time.