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Download the IIS Aid PHP Installer:
The IIS Aid PHP installer uses ISAPI or the new Microsoft FastCGI extension that enables you to setup your PHP environment with maximum performance, scalability and security, but with minimal fuss. It is also currently the only PHP installer offering 32 and 64 bit builds supporting IIS 5, 5.1, 6 and IIS 7.
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The PHP dev team have recently released version 5.4.0 which is a pretty major milestone. Just browsing through some of the most notable improvements which include some new language syntax, support for multibyte languages at the flick of a (runtime) switch and the addition of a built in CLI based webserver which should create some lively "it's not the server it's your code" style debates between Server Administrators and Developers.