It goes back to what missmary said- the cereal on it's own doesn't fit the meal template, thus it gives a bad psychological response. It's not a real meal. That's why I suggested to add it to a whole meal for flavor.
Now, if you love macaroni and cheese and you get a spiralizer and make zucchini noodles and add ghee and nutritional yeast to make a "cheese sauce" you just had SWYPO. Not a real meal. Recreates (in a really failish way) a dish that is non compliant with "technically compliant" ingredients. If you take those same zucchini noodles and serve them alongside your protein and fats then it's not really a fake noodle anymore it's a fancy cut vegetable.
SWYPO does have some gray area and a lot of room for debate but from reading the forums I gather that the single biggest deciding factor is "how does your meal template look". As long as the requirements for protein + fat + vegetables are being met seems to be the most important thing.
this doesn't make the cut for me for a couple reasons: first, it doesn't help you break that "cereal for breakfast" habit, and second, because it doesn't fit the meal template. I would not eat this during a whole30.
SWYPO is making this and eating it as "cereal" with "milk" (those quotation marks are a dead giveaway).
However, if having those seeds and flavors appeals to you I think cooking this up and sprinkling it on top of, say, a mashed sweet potato and a couple of fried eggs as your fat for
the meal sounds like it fits the template.
Whatever you do don't call it cereal though! It's gotta be "crunchy cinnamon topping" or something to escape SWYPO labeling.