I'm probably in the minority here, but I don't find pancakes to be that much more of a hassle than hot cereal. They do require the added weight of my frying pan (6.2 ounces), and I have to hold the pan high over the flame of my canister stove to cook them without burning.
It takes me maybe fifteen minutes to mix and cook pancakes, versus five for oatmeal. But the smile on my ten-year old's face when he takes his first bite is worth the bit of extra time and effort. Sometimes I'll mix in some chopped walnuts or bits of dried bananas, and often I'll bring the Krusteas (sp?) blueberry pancake mix.
Minimus sells individual packets of Knott's syrup that are divine (much better than the freeze-dried "pancake syrup" sold by various makers).
Not to hijack the thread, but one of the reasons I went light weight is to be able to carry luxuries like frying pans, pancake mix and syrup into the back-country. And I'd rather carry a bit of extra weight than be stuck in the oatmeal rut every morning.