Received Blog notification of potential bug:
http://www.macvicar.net/blog/2008/12/critical-bug-in-php-527.html

Here's the text:
Critical Bug in PHP 5.2.7

PHP 5.2.7 was released on Thursday but unfortunately a critical bug was
introduced during the release candidate process that essentially full
disables magic_quotes_gpc even when it’s marked as enabled. The end
result being that if you relied on magic_quotes_gpc being enabled it’s
now not, potentially a security issue.

The other problem is that even if you don’t rely on it being enabled but
have an application which attempts to undo the work of magic_quotes_gpc
you may end up with some data loss. Such code is present within most
applications that want to work with it disabled

This has been fixed in CVS so you can grab a snapshot if you've already
upgraded to PHP 5.2.7, if not then hold out for PHP 5.2.8 which should
appear early next week.

If magic_quotes_gpc doesn’t matter to you and you normally run with it
disabled then this doesn’t really matter.

-- 
Please upgrade php5 to new upstream version 5.2.7
https://bugs.launchpad.net/bugs/305393
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