In a mixing bowl, beat cream cheese, 3/4 cup of the cherries, the granulated sugar, and the whipping cream with an electric mixer on medium speed until combined. Set aside.
Trim ends from bread loaf. Cut into 1-1/2-inch-thick slices. Cut a pocket in each slice by making a cut from the top three-quarters down the middle of slice. (Bread will appear to be 2 slices, but will be joined at bottom.)
Fill each pocket with about 1/4 cup of the cream cheese mixture. Gently press slices together, evenly distributing the filling.
In large bowl, beat together eggs, vanilla, and cinnamon. Using tongs, dip the filled bread slices in the egg mixture, being careful not to squeeze out the filling. Coat both sides well.
Heat a lightly greased griddle over medium heat. Cook slices for 2 to 3 minutes on each side or until golden brown.
To serve, sprinkle with sifted powdered sugar and top with remaining cherries. Serve with maple syrup. Makes 6 servings.