Mix cereal, flour and baking powder in medium bowl; set aside. Beat eggs and milk with wire whisk until well blended. Add to cereal mixture; mix well.
Preheat large nonstick griddle or skillet sprayed with cooking spray on medium heat. Ladle batter onto griddle, using 1/4 cup batter for each pancake. Cook until bubbles form on tops, then turn over to brown other sides.