Heat sugar and water in small saucepan over medium heat. Heat and boil until mixture caramelizes. Immediately, pour mixture into 9" round cake pan. Cool.
Combine rest of ingredients in a blender; process at high speed 1 minute. Pour over caramelized sugar; cover pan with aluminum foil and place in a large shallow pan. Pour hot water to depth of 1 inch into larger pan. Bake for 55 minutes or until a knife inserted near center comes out clean. Remove from water and uncover. Cool at least 30 minutes. Loosen sides with knife and invert