I made this for New Year's Eve and used the cayenne pepper substitution for the nutmeg and it was a great choice. I also ended up adding more shredded cheddar and corn starch (about 1 cup and 1 tsp., respectively.) Our friends enjoyed it and the bread was clearly the most popular choice for dunking in it (over veggies), with many comments that it reminded people of Welsh rarebit. Also, it thickened as it stood in the crockpot I kept it in all evening, which I felt it had needed. Very tasty!!