If the cereal has whole grains in it, then 120 calories isn't too bad.
BUT!
Chocolate in moderation is fine...just as pretty much anything in moderation is fine. There are a lot of health people who talk about the health benefits of chocolate. These are very valid. However, when they say chocolate, they do not mean that regular old Hershey bar, and most likely not the chocolate in Special K. They are referring to dark chocolate, like 70% cacao and above.
A great dark chocolate is Dagoba Eclipse, which is 87% cacao. A bar of it is 220 calories, which is pretty standard (if on the light side for chocolate). What I do is eat half at a time (110 cals). You can melt it onto fruit, eat it straight, do whatever. It's a tasty treat!
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