Let's lay this one to rest. Bottom line, until the function of the executables matches what's stated in the documentation, this is going to cause some folks some pain.
Thank you all, especially d~l for your help and guidance. I did read that last thread that you posted, but that was AFTER I simply stopped my server, renamed the php directory to php5, changed all environment variables to reference the new directory, same with references in php.ini, and IIS settings, and rebooted.
I don't suggest this solution to anyone because if you miss one, it could cause even more pain and suffering. However, everything is working peachy now for me.
This did allow me to keep php.ini in my php5 directory which was my original intent. 😃