Place corn, sugar, cream cheese, milk/cream, salt & pepper, and a half stick of butter in a heavy-bottomed pan.
Cook over medium-low heat with the lid on until the corn mixture starts to bubble. Remove lid to avoid boil over.
Cook for 10-15 minutes until corn is tender.
Add the minced jalapenos and cook for 1-2 minutes longer. I prefer my jalapeno to have a fresh bite to it. If you want it to be very tender, cook longer.