In a new post to his blog Josh Holmes has written up a summary of a talk he and Mark Brown (also of Microsoft) gave about running PHP on IIS and how good the performance is. The summary is a result of their session at this year's Zend/PHP Conference.
Mark Brown and I did a talk at ZendCon last week on how well PHP runs in IIS and more specifically, some things that you should do in order to make it run really well on IIS.
They looked back at the history between IIS and PHP - a bit rocky at times - and how, with IIS7 and improvements to FastCGI, this relations has changed for the better. He mentions WinCache, URL Rewrite, the PHP Manager for IIS and the PHP Interoperability effort Microsoft has started.