As a Petrine "specialist," it's my job and privilege to keep up with significant works on 1 and 2 Peter. Sadly, there has not been a hugely significant commentary on 1 Peter since Karen Jobes' Baker Exegetical Commentary in 2005 (the best commentary overall, IMO) and Witherington's Socio-Rhetorical Commentary in 2007. Although there are some promising works languishing in limbo that I desperately hope will come out within this decade (*cough* Edward Glenny's Evangelical Exegetical Commentary on 1 Peter *cough* Where are you!!!), I am happy to inform my readers of two very significant commentaries that are on the verge of being published.
First up, Craig Keener has written a stand-alone commentary on 1 Peter by Baker Academic (click here for the publisher's page). I am very excited about this, because I like Keener's work, though his massive 4-volume commentary on Acts is a wee-bit intimidating (yes, 4 volumes; and each volume has a gajillion pages; oh, and the last volume is basically a bibliography so massive it makes War and Peace look like Horton Hears a Who!). Keener has also written an excellent commentary on Galatians that I made sure we acquired for my school's library.
Second, I'm very excited about the duo of David G. Horrell and Travis B. Williams publishing the new International Critical Commentary on 1 Peter. The latter completed his dissertation under the former, and both have produced significant books and articles on 1 Peter. I don't think Bloomsbury has a page for this forthcoming work yet, though there is a page for it on "ResearchGate." I have corresponded with Dr. Williams, however, and he assures me it is very close to being published.
These commentaries will differ in significant ways (I am fairly certain Keener's is more likely to favor direct Petrine authorship). Both, however, will be essential for serious academic work on 1 Peter, and I'm certain both will have some excellent insights that will benefit sermon preparation (and I intend to purchase both for my own personal library). In the meanwhile, for those who just can't wait, you're welcome to make my publisher happy and purchase my recent Lexham Research Commentary on 1 Peter (pardon the shameless plug; though in all honesty you should buy Jobes and Grudem first, if you're a pastor, and Jobes, Elliott, and Achtemeier first, if you're a graduate student).