I guess it was a matter of time before the people at Cinnamon Toast Crunch realized "toast" was right there in the name. Because they just unveiled a new spreadable version.
It's called Cinnamon Toast Crunch Creamy Cinnamon Spread. It comes in a jar and looks like peanut butter, but tastes like the cereal. You can get it at Fry's grocery stores, and it hits Amazon later this month.
Their press release says it's perfect on toast, fruit, or as a dessert topping. Or, they suggest keeping things simple and eating it with a "spoon straight out of the jar."