$pattern = '#\d{2}/\d{2}/\d{4}#';
if (preg_match($pattern, $in))
Do note that it still doesn't validate that day comes before month, or that it's even a date string. 31/01/2011 for 01 january 2011 would still pass, even though your format specifies that it should be 01/31/2011. 99/99/9999 would also pass the regexp.
The regexp can of course be extended to start requiring that the first letter is a digit 1-2 followed by 0-9 or a 3 followed by 0-1 etc, but it quickly gets more complicated and I've no idea if you actually need to do that.