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Php5 does not break cpanel, I do not get where you would think that. The php version plays no part in cpanel. Cpanel runs its own internal version of php regardless of what version you install for apache.
Many scripts breaking? Ok, maybe. It depends on what modules they need, if its something like xslt yes it will break since they moved to xsl, or if it needs domxml it has been recoded in the new "dom" module that is hardcoded into php5 and enabled by default. But in all reality, after installing it on many servers there has been few scripts that broke.
not 100% true, would you call a script coded for php4 a poorly coded script? php5 changed some function names etc, which in turn break scripts.
PHP5 has been around long enough that all scripts should be compatiable with it, especially since in php6 their are going to force developers into coding properly instead of the usual, "it should be done this way, but this will work too" messages. Which is great, it's about time they dumped magic_quotes/register_globals especially not to mention that PHP5 has far greater OOP support than php4.
So yes scripts are poorly coded if they do not work with the language standard especially since php4 will be dead just like php3 within a year.
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Cpanel and fantastico are both fine with php5.
Is php5 safe without php4? Definitely. I've been running php5 for close to 2 years now, haven't had any issues, except with a single piece of software (ubersmith).
Of course, I only host my own sites and those of a few friends, but that's it.
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