In a small bowl, toss cherries with 1/4 cup flour; set aside. In a large bowl, beat cream cheese, butter and brown sugar until smooth. Beat in egg and honey. Combine the baking powder, salt, cinnamon, nutmeg and remaining flour; add to creamed mixture. Stir in nuts, chocolate chips and reserved cherries.
Spread into a greased 15x10x1-in. baking pan. Bake at 350° for 30-35 minutes or until golden brown. In a small bowl, combine the confectioners' sugar, milk and vanilla until smooth; drizzle over warm bars. Cool on a wire rack for 1 hour.