MIX barbecue sauce and peanut sauce; pour half over meat in non-reactive container. Stir to evenly coat meat. Refrigerate 2 hours to marinate.
DRAIN meat; discard marinade. Thread 2 meat strips onto each bamboo skewer.
FOR each serving: Grill 2 skewers on medium-high heat 1 to 2 min. on each side or until done, brushing frequently with about 2 Tbsp. of the remaining sauce.