Thaw shrimp, if frozen. Peel and devein shrimp. Rinse shrimp; pat dry. In a medium skillet melt butter over medium heat. Add shrimp; cook and stir 3 to 4 minutes or until opaque. Chop shrimp.
In a large bowl beat cream cheese spread, sour cream, garlic salt, and cumin with a mixer on medium until combined. Beat in sweet pepper, green onions, olives, and half of the cheese and cilantro on low just until combined. Stir in shrimp.
Transfer dip to a serving bowl. Cover and chill 1 to 24 hours. If necessary, stir before serving. Top with remaining cheese and cilantro. Serve with cucumber, chips, or baguette slices.