WebMatrix Beta 3 release has been announced recently . This release includes many new cool features that are described in release announcement and in the Web Deploy team blog . In addition to all those improvements, WebMatrix Beta 3 has much better support
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Read the complete post at http://blogs.iis.net/ruslany/archive/2010/11/10/php-5-3-and-pear-available-in-webmatrix-beta-3.aspx