In 2-quart saucepan, bring broth and water to a boil; set aside.
In another 2-quart saucepan, melt I Can't Believe It's Not Butter!® Spread over medium-high heat and cook onion and garlic, stirring occasionally, 2 minutes or until onion is tender. Stir in uncooked rice and cook, stirring occasionally, 2 minutes or until rice is golden. Stir in wine and cook 1 minute or until liquid is absorbed. Reduce heat to low and add hot broth mixture, 1/2 cup at a time, stirring constantly, until liquid is absorbed and rice is slightly creamy and just tender. Stir in cheese and parsley.