Step 1: Concept
Use the product-to-sum identity: $\cos A \cos B = \frac{1}{2}[\cos(A+B) + \cos(A-B)]$.
Step 2: Meaning
Since $A+B = \pi/2$, $\cos(A+B) = 0$.
Step 3: Analysis
The expression becomes $\frac{1}{2}[0 + \cos(A-B)] = \frac{1}{2}\cos(A-B)$.
The maximum value of the cosine function is 1, which occurs when $A-B = 0$ (i.e., $A = B = \pi/4$).
Step 4: Conclusion
Maximum value $= \frac{1}{2}(1) = \frac{1}{2}$.
Final Answer: (B)