I personally am more descriptivist when it comes to English. It is also a lot of fun to bring some M-W citations in order to "Well, actually" someone who is "Well, actually"-ing.
Yep, it's what I've heard most often too (I only just learnt the other meaning from the kind person prompting me look up the definition). I also don't think of it as that much of an unusual word, but hey.
That is a $200 word right there, and you're using it wrong.