Not the only one. I think it's totally vile.

My daughter eats Special K, and we have both kinds. I just looked at them, and neither have trans-fats. They both have sugar, including HFCS, but the low-carb one has pretty small amounts. If it gets protein into my daughter in the morning, I'm happy with it. (I haven't tasted it myself, as I can't eat wheat.)

Because of the wheat thing, and that I avoid SA's (except erythritol) and transfats like the plague, I haven't tried many specific low-carb products.