Combine first 4 ingredients in a medium bowl, and stir well. Combine, egg substitute, margarine, and vanilla in a medium bowl, stirring well; add to flour mixture. Beat at medium speed of an electric mixer until blended.
Coat a Belgian waffle iron with vegetable cooking spray; allow waffle iron to preheat. For each waffle, spoon 1/4 cup batter onto hot waffle iron, spreading batter to edges. Bake 4 to 5 minutes or until steaming stops.
Sprinkle powdered sugar evenly over waffles. If desired garnish waffles with sliced strawberries and fresh mint sprigs.
Yield- 12 (4 inch) waffles (118 calories and 22 percent fat each).