If you wish, toast the walnuts in a skillet over medium-high heat until they just turn fragrant. Watch the skillet closely - there is a short time between the nuts being toasted and burnt. Take the nuts off the heat and allow them to cool completely.
In a small bowl, combine the softened cream cheese, honey, molasses, brown sugar, and cinnamon. Stir until all of the ingredients are well blended.
Stir the walnuts into the honey cream cheese.
Store in an air-tight container in the refrigerator.