PREPARATION:

1. Place water in small microwave-safe bowl. Sprinkle gelatin over water and let stand 1 minute. Heat bowl in microwave on HIGH 20 seconds or until gelatin is completely dissolved.
2. In blender, combine coconut milk, cream cheese, 8 packets sugar substitute, vanilla, coconut extract and gelatin mixture. Cover tightly and blend until smooth. Pour mixture into prepared crust; cover and chill until firm, about 4 hours.
3. Before serving, toast coconut in nonstick skillet over low heat until golden. When cool, toss with remaining sugar substitute and sprinkle over pie. Cut into 12 slices to serve.