Short answer - it will freeze if you have a commercial style fast freezing set-up.
But - cream will seperate (to water and butterfat) - thats what was going on in the above comment - and will also pick up other flavours really easily which will spoil the stuff. So in essence, don't bother....
So - get cooking with it, eat it, pass it out as holiday presents - its a holiday in the Falklands and also Kenya today and tomorrow if you want an excuse..... - make ice cream, make pavlova, make some mousse...
Oh and you want a toy for the holidays and use up the cream....go get an Ice Cream Ball - and have a party!
Not seen them? Use ice and salt in a plastic ball round a centre of cream, sugar and flavouring. Toss the ball and you get ice cream...buy here (inc. pics of 'how to'...) :
http://www.firebox.com/index.html?dir=firebox& action=product&pid=1412&src_t=cat&src_id=lifes tyle
or there are a few other outlets too. You may find it in a good kitchen shop near you if you want to handle before coughing up for it.