This is my solution for Delphi 7.
My Delphi version didn't contain an implementation of IHTMLIFrameElement3 but the IDE offers a way to add it to your project:
Menu Component > Import ActiveX Control

With this dialog you can generate a new unit that contains all the definitions missing from the Delphi 7 installation:
  CLASS_HTMLFrameElement: TGUID = '{3050F314-98B5-11CF-BB82-00AA00BDCE0B}';
  IID_IHTMLIFrameElement: TGUID = '{3050F315-98B5-11CF-BB82-00AA00BDCE0B}';
  IID_IHTMLIFrameElement2: TGUID = '{3050F4E6-98B5-11CF-BB82-00AA00BDCE0B}';
  IID_IHTMLIFrameElement3: TGUID = '{30510433-98B5-11CF-BB82-00AA00BDCE0B}';
  DIID_DispHTMLIFrame: TGUID = '{3050F51B-98B5-11CF-BB82-00AA00BDCE0B}';
  CLASS_HTMLIFrame: TGUID = '{3050F316-98B5-11CF-BB82-00AA00BDCE0B}';
[...]
// *********************************************************************//
// Interface: IHTMLIFrameElement3
// Flags:     (4416) Dual OleAutomation Dispatchable
// GUID:      {30510433-98B5-11CF-BB82-00AA00BDCE0B}
// *********************************************************************//
  IHTMLIFrameElement3 = interface(IDispatch)
    ['{30510433-98B5-11CF-BB82-00AA00BDCE0B}']
    function Get_contentDocument: IDispatch; safecall;
    procedure Set_src(const p: WideString); safecall;
    function Get_src: WideString; safecall;
    procedure Set_longDesc(const p: WideString); safecall;
    function Get_longDesc: WideString; safecall;
    procedure Set_frameBorder(const p: WideString); safecall;
    function Get_frameBorder: WideString; safecall;
    property contentDocument: IDispatch read Get_contentDocument;
    property src: WideString read Get_src write Set_src;
    property longDesc: WideString read Get_longDesc write Set_longDesc;
    property frameBorder: WideString read Get_frameBorder write Set_frameBorder;
  end;
// *********************************************************************//
// DispIntf:  IHTMLIFrameElement3Disp
// Flags:     (4416) Dual OleAutomation Dispatchable
// GUID:      {30510433-98B5-11CF-BB82-00AA00BDCE0B}
// *********************************************************************//
  IHTMLIFrameElement3Disp = dispinterface
    ['{30510433-98B5-11CF-BB82-00AA00BDCE0B}']
    property contentDocument: IDispatch readonly dispid -2147413992;
    property src: WideString dispid -2147413991;
    property longDesc: WideString dispid -2147413990;
    property frameBorder: WideString dispid -2147413989;
  end;
// *********************************************************************//
// DispIntf:  DispHTMLIFrame
// Flags:     (4112) Hidden Dispatchable
// GUID:      {3050F51B-98B5-11CF-BB82-00AA00BDCE0B}
// *********************************************************************//
  DispHTMLIFrame = dispinterface
    ['{3050F51B-98B5-11CF-BB82-00AA00BDCE0B}']
    procedure setAttribute(const strAttributeName: WideString; AttributeValue: OleVariant;
                           lFlags: Integer); dispid -2147417611;
    function getAttribute(const strAttributeName: WideString; lFlags: Integer): OleVariant; dispid -2147417610;
    function removeAttribute(const strAttributeName: WideString; lFlags: Integer): WordBool; dispid -2147417609;
    property _className: WideString dispid -2147417111;
    property id: WideString dispid -2147417110;
    property tagName: WideString readonly dispid -2147417108;
 // more
Having this I followed the tips from @Olivier:
  NodeName := 'htmleditor_ifr';
  BodyIframe := (WebBrowser1.Document as IHTMLDocument3 ).getElementById(NodeName);
  ContentHTML := (((BodyIframe as IHTMLIFrameElement3 ).contentDocument) as IHTMLDocument2 );
  Body := ContentHTML.body.innerHTML;