Create the Cheesecake Base: In a mixing bowl, beat cream cheese with half of the whipped topping until smooth and creamy. Spread this mixture evenly into both pie crusts.
Mix the Pumpkin Layer: In another bowl, whisk together the canned pumpkin, sugar, cinnamon, pumpkin pie spice, nutmeg, pudding mix, and milk until smooth.
Layer It Up: Spoon the pumpkin mixture over the cream cheese layer, spreading evenly.
Add the Fluffy Topping: Top with remaining whipped cream and smooth it out with a spatula.
Chill Before Serving: Refrigerate for at least 2–4 hours, or overnight for best results.
Serve and Enjoy: Dust lightly with cinnamon or nutmeg before serving for that bakery-finish look.