Grease or line a 9"x 13"x 2" baking pan.
Combine the honey and sugar in a large saucepan over medium-high heat. Bring just to a boil. Remove from the heat.
Add the peanut butter, stirring until combined. Add the cereal, and stir until thoroughly combined. Press the mixture evenly into the bottom of the prepared pan.
Place the chocolate chips and peanut butter chips in a large microwave-safe bowl. Heat at half-power in 30-second increments, stirring after each interval. Repeat until the chips melt when stirred. Stir until smooth.
Spread the chocolate/peanut butter mixture over the top of the bars. Sprinkle the peanuts over the top. Allow the bars to sit at room temperature until the topping hardens. Then cut into bars.