Also, since I can't sleep and there's only a few hours left, I'll list my picks (not that my opinion matter) I judge these more on graphic design than art. It has to convince me it's a cereal box before anything else:
Castle Crunch
Pedo's
Shamefuls
Canucks
Dia-Bee-Tes
Sugar Frosted Bees
Pale Puff Cereal
Taco Flavored Spiders
Actionbran
Pico's Pops
Moolk Mix
Harry Houdinee's
Happy Whale Bites (The Japenese Box)
Beaver Bites
Sugar and Stuff
I do agree with the consensus that Beaver Bites has it wrapped up, though I felt Dia-Bee-Tes had the best cereal box feel to it. I guess that's it. I hoping for a Gears of Breakfast come-from-behind victory, but I'm no artist, just a graphic designer.