Combine first 7 ingredients in a large bowl, beating 2 minutes at medium speed. Pour into a well greased “deep-dish” pie plate. Drain peaches reserving some syrup. Arrange peach slices over this mixture. Beat cream cheese, peach syrup and 1/2 cup sugar at medium speed for 2 minutes. Spoon and spread over peaches to within 1 inch of edge of batter. Mix sugar and cinnamon together and sprinkle over top of everything. Bake at 350 degrees until crust is golden brown. (30 to 35 minutes).