Today the PHP team announced that PHP4 will reach EOL on December 31st, 2007, and that after that, only critical security fixes on a case-by-case basis until August 8th, 2008.
Surprise! New PHP version was released today for immediate download. But guess what? if you are one of the lucky non-Apache users using a source-based distro to get shafted by the different installation place of the cgi/fcgi binaries, do not alarm, and just update your HTTP daemon to utilize the new path.
For those of you who compile programs like PHP and it's dependencies, or other tools that one might need on DreamHost, I want to pass on this valuable bit of information I received from their support department after inquiring about a way to compile something when their process killer went berserk after the load got high enough.