Preheat oven to 350.
Beat creamy cheese with sugar and vanilla until fluffy.
Unroll crescent dough and separate.
On a pizza pan place triangles overlapping with long pointed ends outward. So that there is about a 6" circle left in the middle of the pan.
Spread cherries over the lapped dough area.
Spread dollops of cream cheese mixture over the cherry filling.
Fold pointed ends of crescents over the filling and pinch into lapped dough to seal.
Bake for 18-20 minutes or until golden brown.
Mix Powdered sugar and milk until smooth glaze forms.
Drizzle glaze over ring.