Johannes Schluter recently looked at one of the new features coming with PHP 5.3 - the goto functionality:

Over the last few days I already mentioned a few hidden gems from PHP 5.3. Now at Christmas I wanted to take a look at some new language feature of the upcoming PHP version: Added "jump label" operator (limited "goto"). (Dmitry, Sara)

No, its not the sort of "goto" you're thinking of - its a bit more limited than that. Johannes mentions that it only allows you to jump within the same execution unit and you can't jump into loops. Used incorrectly, it can be bad but he points out two useful instances - one being a code generator and the other an instance where you might need to drop out of code but not kill off the script in the process (sample code is included for this second one).