Preheat oven to 375°F. Spray 2 large baking sheets and large nonstick skillet with cooking spray. Place 4 biscuits on each baking sheet; press each into a 5-inch round. Bake 7 minutes. Remove from oven; set aside.
Meanwhile, heat skillet over medium heat. Add cream cheese spread; heat until softened. Add Egg Beaters; cook 1 minute without stirring until edges and bottom begin to set. Gently turn to scramble; continue cooking until Egg Beaters are set and cream cheese is blended in. Remove from heat; set aside.
Place 1 slice cheese on each biscuit round. Top each evenly with scrambled Egg Beaters and sausage pieces. Bake 7 minutes more or until sausage is hot and cheese melts.