After 3 months of community feedback and development, the FastCGI Techical Preview 2 has just been released! 

The FastCGI Technical Preview 2 release is an update for the first ever release of Microsoft IIS FastCGI feature in October 2006, providing a platform for high-performance and reliable way to run application frameworks like PHP on IIS. 

Get the scoup at http://mvolo.com/blogs/serverside/archive/2007/01/31/Turbo_2D00_charge-your-PHP-applications-with-IIS-FastCGI-Technical-Preview-2.aspx.