Recently, the voting process for PHP 5.4 open to committers and users have been closed. We now have a clear picture of what will make the release and what will be left out. Some of these features (traits, web server) were already in, while other have been just voted and will be completed before the general availability of the release.

He lists out some of the major changes that'll be coming in the 5.4 release including traits, dereferencing, the built-in HTTP server, closure type hinting and the upload progress feature previously only in an extension. The end of the post includes a poll for you to give your feedback on what you think is the most important. As of the time of this post, the array dereferencing has pulled into the lead with traits coming in second.

The PHP development team is proud to announce the first PHP 5.4 alpha release. PHP 5.4 includes new language features and removes several legacy (deprecated) behaviors. Read the NEWS file for a complete list of changes. [...] This alpha release exists to encourage users to identify bugs, and to ensure that all new features and backward compatibility breaks are evaluated and documented before PHP 5.4.0 is released. Please report findings to the QA mailing list and/or the PHP bug tracker. Windows binaries can be downloaded from the Windows QA site.

They remind the development community that this is an alpha release and is not meant to be used in production. Changes in this release include traits, array dereferencing, DTrace support, the removal of several ini options and a few session-related functions.