Preparation / Directions:
Combine picante sauce ingredients in a medium saucepan. Bring to a boil, reduce heat, and simmer, covered, for 10 minutes. Remove from heat and set aside. (Note: You can cut the preparation time by substituting 1 cup of commercial picante sauce for the homemade sauce.)
Combine 1 cup of the picante sauce and the peanut sauce ingredients in a medium saucepan. Cook over low heat until smooth. Remove from heat and set aside.
Toss cook fettuccine with 1/4 cup of the picante and peanut mixture. Place in serving bowl and set aside.
Cut chicken into 1-inch pieces. Heat oil and saute chicken until brown and cooked through, about 4 to 6 minutes. Add remaining picante and peanut mixture to chicken and stir well. Arrange chicken on top of fettuccine.
Sprinkle chicken with cilantro, peanuts, and red pepper. Serve at room temperature with remaining picante sauce on the side, if desired.