1. Beat butter at medium speed with an electric mixer until creamy. Gradually add granulated sugar, beating until light and fluffy. Add eggs, 1 at a time, beating after each addition. Add peanut butter, beating until smooth.
2. Combine flour, baking soda, and salt; add to peanut butter mixture alternately with buttermilk, beginning and ending with flour mixture. Beat at low speed just until blended after each addition. Stir in vanilla extract.
3. Spoon 2 Tbsp. batter into each of 24 paper baking cups in muffin pans. Place 1 chocolate kiss on its side in center of batter in each cup. Top evenly with remaining batter (about 2 Tbsp. in each cup), covering chocolate kisses.
4. Bake at 375° for 18 to 20 minutes or until golden brown. Let cool in pans on wire racks 5 minutes. Remove from pans, and cool on wire racks. Dust with confectioners sugar. Serve warm or at room temperature.
Peanut Butter-Jam Surprise Cupcakes: Prepare batter as directed. Spoon 2 Tbsp. batter into each of 24 paper baking cups in muffin pans. Omit milk chocolate kisses. Dollop 1 rounded tsp. of your favorite flavor jam in center of batter in each cup. Top evenly with remaining batter (about 2 Tbsp. in each cup). Bake and cool as directed.