Finished weight of peel may by killer, but solid idea!!
The weight of the peel should be quite manageable. In the simplest design, the peel only requires welding tiny channels to the back of the aluminum blade to carry air from the handle where a CO2 cylinder and triggering mechanism are housed.
If you want to get fancy and make it even lighter, use carbon fiber.
If you want to get lazy, use a corrugated plastic board where the channels are already built-in. Just drill the holes, seal the ends, and don't use it to retrieve the pizza from the oven.
Perhaps the idea of it being too heavy is provoked by all the mechanics of a game table, but you aren't playing hockey with your pizza, so a long continuous stream of air isn't necessary. A pulse of about 1-3 seconds is all that would be required. This is simply a more sanitary version of insufflation to help move the pizza off the peel.
Overall it's a rather good idea. There is just one inconveniencing challenge: particulate matter from your pizza clogging up the holes. The problem isn't insurmountable, but whether you chose to deal with it as the engineer or the baker, you will likely have to devote some extra time and frustration to it.