I've used it a lot. If you want it for a bagel or muffin or in a dip, etc. it will work fine.
Neufchatel, a French cheese, came first. American cream cheese came about as the result of someone in the US trying to imitate French neufchatel. He ended up with a thicker cheese and called it cream cheese. It is higher in fat than Neuf...
Ironically, Philadelphia makes Neufchatel, which is naturally lower in fat, and calls it low fat cream cheese!
"If you want to make an apple pie from scratch, you must first create the universe." -Carl Sagan