I have PHP5 running fine now. I am still getting timeout errors. I have about 20-30 PHP-CGI entries in my task manager at any given point of time. One of them is always pegged at 99% cpu usage, sits there for 5-6 seconds, then another item takes its place. Each one takes about 7mb of memory.
I am considering now going up to MySQL5, does anybody have any experience with that working well with this version of UBB?
Also I am investigating PHP accelerators but I can't find a free one that works with Windows/IIS. Any suggestions?