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Several of the formal aspects of QFT are shunted in P&S, as must something be neglected in every QFT text that is stable against gravitational collapse. The general representation theory of the Lorentz group is the most glaring omission in P&S. Chapter 1 of Ramond's "Field Theory: A Modern Primer" treats this topic quite well. The LSZ reduction formulae are derived and discussed more clearly in Pokorski's "Gauge Field Theories", as are BRST symmetry and free field theory. For those interested in undertaking detailed phenomenological studies of the SM or some extension thereof, Vernon Barger's "Collider Physics" is also recommended.
Despite its shortcomings, P&S remains the best QFT reference currently available. It's the book I turn to first when confronted in research papers with field theoretic puzzle that I just can't crack. If you buy only one QFT text, buy P&S.