In a large microwave-safe bowl, combine the cereals and hazelnuts; set aside. In a small microwave-safe bowl, combine the syrup, butter, brown sugar, salt and nutmeg. Microwave, uncovered, on high for 1 minute; stir until blended. Pour over cereal mixture and toss to coat.
Microwave on high for 5-6 minutes or until lightly browned, stirring after each minute. Stir in cranberries. Spread onto waxed paper to cool. Store in an airtight container.