Microsoft has just announced the final release of the IIS FastCGI module for IIS 5.1 (XP), 6 (2003), and 7 (2008). This FastCGI module was built with collaboration from Zend, the creators of PHP, and is intended to solve the CGI on Windows problem.
Since early 2006, Microsoft and Zend have been working together on a technical collaboration with the PHP community to significantly enhance the reliability and performance of PHP on Windows Server 2003 and Windows Server 2008. As part of this collaboration, the IIS product group has been working on a new component for IIS6 and IIS7 called FastCGI Extension which will enable IIS to much more effectively host PHP applications.
Today Microsoft is eager to announce availability of the Go Live release of Microsoft FastCGI Extension for IIS 5.1/6.0 (FastCGI Extension) as a free download. The Go Live release is the last step in the Microsoft beta process and represents the highest level of quality and reliability. For the first time, customers have a license that permits them to deploy the FastCGI Extension on their production Internet Information Services 6.0 (IIS 6) Web servers.
http://www.iis.net/php