Heat oven to 375°F.
In small bowl, stir together cream cheese, granulated sugar, orange extract and orange peel. Set aside.
Unroll dough into 2 long rectangles. Firmly press perforations to seal. Spread half of cream cheese mixture on each rectangle. Starting at short side, roll up rectangles. With serrated knife, cut each roll into 8 slices. Place on ungreased cookie sheet, cut sides down.
Bake 10 to 12 minutes or until lightly browned. Remove from pan; cool completely.
In small bowl, stir powdered sugar and orange juice until smooth. (If too thin, add more powdered sugar. If too thick, add more juice.) Drizzle over cooled pinwheels.