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In a medium size mixing bowl using an electric mixer, beat together the cream cheese and peanut butter until fluffy.
Add the powdered sugar, half and half and vanilla continuing to beat until smooth.
By hand fold in chopped peanut butter cups and whipped topping. Mix well then spread evenly in pie crust.
Place chocolate chips and cream in a microwave safe bowl. Melt on 50% power or using the melt function until completely smooth. Stir well.
Frost with melted chocolate and sprinkle with peanuts. Decorate with additional whipped cream and arrange halved peanut butter cups on top, if desired.
Chill for at least 2 hours before cutting.