Combine cream cheese, peanut butter, powdered sugar, whipped topping, honey, and cinnamon in a large mixing bowl.
Beat until well-blended.
Pour into a serving bowl, and refrigerate until chilled, at least 1 hour.
Serve dip with fruit, cookies, and crackers for dipping.
Store in refrigerator.
Notes: It is not essential to chill this dip before serving. You can mix the ingredients and serve it right away, but it is most ideal if the dip is chilled for about an hour!