Has anyone lost weight on the special K diet?

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I just started the special K diet again and tried the new chocolate flavored one. It was better than I thought. I tried the diet in the past, but it failed because I got sick of eating the bland cereal. Has anyone lost weight from it/with exercise and did they keep it off? What is you thoughts on the subject? I figured, I started exercising at the begining of the year and now that it is lent I give up eating between meals so I thought I would try a diet too. I found the chocolate cereal from Special K and gave it a go. I have done good since Wednesday, have I lost weight yet..not really but I noticed that I am hungry. I understand the concept about replacing the meal with cereal so you are cutting calories. Just have to make sure I eat smaller portions of food when I am done with losing the weight. Keeping my fingers crossed.