STIR boiling water into gelatin in large bowl at least 2 min. until completely dissolved. Add cranberry sauce; stir until melted. Stir in cold water. Refrigerate about 1-1/4 hours or until slightly thickened (consistency of unbeaten egg whites). Gently stir in orange segments.
MEANWHILE, mix crumbs, 1/4 cup of the sugar and the butter in 13x9-inch dish. Press firmly onto bottom of dish to form crust. Refrigerate until ready to use.
BEAT cream cheese and the remaining 1/4 cup sugar in large bowl with wire whisk until well blended. Gently stir in 3 cups of the whipped topping. Spread evenly over crust; cover with the gelatin mixture. Refrigerate 3 hours or until firm. Serve topped with the remaining whipped topping.