Backtrace:

Entry point   php!mainCRTStartup 
Create time   11/23/2011 12:31:14 PM 
Time spent in user mode   0 Days 0:0:0.15 
Time spent in kernel mode   0 Days 0:0:0.0 

Function     Arg 1     Arg 2     Arg 3   Source 
ntdll!ZwRaiseException+12     009ce3c4     009ce414     00000000    
ntdll!KiUserExceptionDispatcher+2a     00000023     009cfb08     0000002b    
php5!_php_import_environment_variables+39f     00000023     009cfb08     0000002b    
php5!_php_import_environment_variables+39f     00000000     00000000     00000000    

PHP5!ZEND_DO_BEGIN_CATCH+244In php__PID__8020__Date__11_23_2011__Time_12_31_24PM__22__Second_Chance_Exception_C0000005.dmp the assembly instruction at php5!zend_do_begin_catch+244 in C:\Program Files (x86)\PHP 5.4\php5.dll from The PHP Group has caused an access violation exception (0xC0000005) when trying to read from memory location 0x00000000 on thread 0

Thanks. I just missed the statics here.

Patch below, svn commit coming as soon as the tests have completed.

Thanks for the catch.

Index: Zend/zend_compile.c
===================================================================
--- Zend/zend_compile.c	(revision 319492)
+++ Zend/zend_compile.c	(working copy)
@@ -4271,10 +4286,11 @@
 					/* this one is inherited, lets look it up in its own class */
 					zend_hash_quick_find(&coliding_prop->ce->properties_info, prop_name, prop_name_length+1, 
prop_hash, (void **) &coliding_prop);
 				}
-				if ((coliding_prop->flags & ZEND_ACC_PPP_MASK) == (property_info->flags & ZEND_ACC_PPP_MASK)) {
+				if (   (coliding_prop->flags & (ZEND_ACC_PPP_MASK | ZEND_ACC_STATIC))
+					== (property_info->flags & (ZEND_ACC_PPP_MASK | ZEND_ACC_STATIC))) {
 					/* flags are identical, now the value needs to be checked */
 					if (property_info->flags & ZEND_ACC_STATIC) {
-            not_compatible = (FAILURE == compare_function(&compare_result,
+						not_compatible = (FAILURE == compare_function(&compare_result,
                                           ce->default_static_members_table[coliding_prop->offset],
                                           ce->traits[i]->default_static_members_table[property_info->offset] TSRMLS_CC))
                               || (Z_LVAL(compare_result) != 0);

This bug has been fixed in SVN.

Snapshots of the sources are packaged every three hours; this change
will be in the next snapshot. You can grab the snapshot at
http://snaps.php.net/.

 For Windows:

http://windows.php.net/snapshots/
 
Thank you for the report, and for helping us make PHP better.

Fixed in svn rev. 319727.