Making PHP applications run efficiently and reliably on IIS 7 is one of our key goals. The IIS team is working with Zend to optimize the performance of PHP on IIS 7 and the results have been remarkable. In addition to performance improvements to PHP and
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Read the complete post at http://blogs.iis.net/tomwoolums/archive/2009/05/27/check-out-php-on-iis-7.aspx