COOK gnocchi as directed on package, omitting salt.
MEANWHILE, cook bacon in large skillet on medium-high heat 2 min. Add mushrooms, onions and garlic; cook and stir 5 to 6 min. or until vegetables are tender. Add Neufchatel and broth; cook 2 to 3 min. or until Neufchatel is melted, stirring constantly.
DRAIN gnocchi. Add to sauce in skillet with pepper; stir gently to evenly coat pasta. Cook 2 to 3 min. or until heated through, stirring constantly. Stir in basil. Serve topped with Parmesan.