Is anyone using PHP5 in any serious mission-critical applications? I'm
very interested in switching to it -- but only if it is as stable as
PHP4. I don't want my client telling me he missed out on $20K in sales
because the server crashed.

  
If you want to use PHP5, you might want to get a copy of George Schlossnagle's book Advanced PHP Programming.  I'm on chapter 16, and it is a good read.  The book uses PHP5 examples throughout, and covers both the object-oriented improvements and the XML enhancements.

The project just released some major security patches, along with many bugfixes (http://www.php.net/ChangeLog-5.php#5.0.3).  To me this means they might be finally getting closer to the point where you would want to use it in 'mission critical' environments.  Still, I'm wary of the 'bleeding edge' because if you implemented it before now, you've definitely had to deal with some issues.

All that being said, there are several projects around that use php5, that could be good testbeds to explore.  (Search Sourceforge.net for php5)  One particular project caught my eye: phpAwStats allows you to store your AwStats data in a database and customize reporting.

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