No, there's a lot wrong with _Applied Cryptography_, and those things have very little to do with the fact that AC writes about IDEA and not AES.
If you read _Practical Cryptography_, you don't need to read _Applied Cryptography_. AC is a book full of trivia, and of encyclopedia-style descriptions of random block ciphers with minimal attention given to the actual real-world attacks on implementations of those ciphers.
I strongly advise that you not waste time reading AC. If you're lucky, you can read it and just lose time; if you're unlucky --- and a lot of my clients have been --- you can find yourself having learned stuff you'll later need to unlearn.
