The new version of Drupal 6.14 now supports PHP 5.3. This news was tacked onto the bottom of the 6.14 release notes and read:
Drupal 6.14 is the first stable release to support PHP 5.3.0, but this might not be true about the contributed modules you are using. Watch out for updates to your contributed modules if you experience problems with PHP 5.3.0 support.
This is great news for me because like many OS X users I upgraded to snow leopard which comes bundled with PHP 5.3 and stop all by Drupal projects from running.
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