In a large bowl, whisk together the lime juice, olive oil, salt and pepper. Add chicken, turning to coat. Marinate chicken, covered and chilled for at least 2 hours and up to overnight.
Pre heat oven to 400F degrees.
Add the cereal to a zip lock bag, and using a rolling pin, crush it into smaller pieces. You can also use a food processor.
In a small bowl, whisk the eggs with some salt and pepper until smooth. In a shallow bowl, combine cereal with red pepper flakes and salt.
Working with one piece at a time, dip chicken in egg mixture, then coat generously with the seasoned cereal, pressing the cereal to help them stick. Transfer coated pieces to a rimmed baking sheet.
Bake the chicken for 30 minutes OR until golden brown and crisp.
Serve immediately with a side salad! :)