In a medium mixing bowl, combine goat cheese and cream cheese until smooth and creamy.

Fold in honey until thoroughly incorporated.

On a separate plate, mix together cooked bacon, finely chopped pecans, dried cranberries, and minced rosemary.

Lay out a large piece of plastic wrap, spoon the cheese mixture onto the center, and shape it into a log.

Unwrap the log and roll it in the bacon mixture to coat completely.

Place the coated log on a serving platter surrounded by arugula, cover lightly with plastic wrap, and chill for 30 minutes.

Slice the log into rounds and serve with crackers or crostini.