No visible result I can detect except for filling up the application log with errors within 2 days resulting from each call to php.exe.  I'm running Windows 2000 server.  Here is the text straight from the log:

Source: True Vector Service
The description for Event ID ( 1 ) in Source ( True Vector Service ) cannot be found. The local computer may not have the necessary registry information or message DLL files to display messages from a remote computer. The following information is part of the event:

0000: 4f 70 65 6e 50 72 6f 63   OpenProc
0008: 65 73 73 45 72 72 6f 72   essError
0010: 20 35 3a 20 6f 6e 20 70    5: on p
0018: 72 6f 63 65 73 73 20 49   rocess I
0020: 44 20 33 32 34 30 2c 20   D 3240, 
0028: 6e 61 6d 65 64 20 45 3a   named E:
0030: 5c 50 48 50 5c 70 68 70   \PHP\php
0038: 2e 65 78 65 00            .exe.