The PHP core team yesterday released new versions of the popular PHP language. The new versions are 5.2.14 and 5.3.3 and feature lots of bug and security fixes. Release notes are available for 5.2.14 and 5.3.3.
These versions are already available in new VPS deployments. If you want PHP upgraded to these versions in your current ServerGrove VPS, please open a ticket and we will upgrade it. Our upgrade policy for Shared hosting servers is to wait a reasonable period of time before applying the upgrade, unless there is a big security fix. This waiting period is necessary to make sure there are no big bugs in the new version, as we have experienced issues in the past with new versions and Shared hosting customers.