Seems like a lot to me, and here's why....
I had a leaking valve cover gasket on my 2.5 iron duke engine years ago, so I removed it and thoroughly cleaned and degreased the inside of the valve cover while it was off....to the point it had NO residue of any kind on the inside. Re-installed, drove around a while, checked for leaks and parked it for the night. The outside temp was around 40 degrees over night. The next morning, I had the same #@$%! under the oil cap, but not as much as you're seeing. It freaked me enough to do an oil change, where I found a pan full of normal looking oil...no 'cream'. So, I filled it back up with new oil and just ignored it for a couple of weeks, and the cream never re-appeared. The only thing I could attribute it to was condensation forming on the inside of the valve cover due to a completely clean surface, and then oil mixing with it. There was no other explanation since it went away as suddenly as it appeared, and there were no other signs of a coolant intrusion. Just clean your cap and keep an eye on the oil in the pan....it's more important than the stuff on your cap. If it persists or worsens, it will eventually have to affect the oil supply and at that time you can determine that you have a coolant intrusion.