Typical performance of Python scripts are about 5 times faster than PHP. What are the advantages of using faster server side scripting languages? Will the speed ever be felt by website visitors? Can PHP's performance be compensated by faster server processors?
How about when you get charged for CPU time?
I just saved a ton of money by switching to Python!
Increasing the execution speed of web request handlers usually translates to handling more requests/second with the same hardware. This is valuable in a number of cases; maintaining one server is much easier than maintaining two.
BTW, why Python and not Haskell? Haskell is 100x faster than PHP in some benchmarks.
For typical web apps, the difference in speed won't usually be felt within the request itself (the network latency dwarfs your compute time for a typical script that runs inside an HTTP request).
There are plenty of other things that affect scalability, but the processing needs to handle an average request does factor in. So, a lonely user will not feel the difference. A user who is one of many might feel the difference, as the server infrastructure struggles with load.
Of course, throwing more processor will mitigate the issue, but as jrockway says, maintaining two servers is significantly more than twice as hard as maintaining one.
All of that said, in the vast majority of cases, your bottlenecks will not be processor. You'll be running out of memory, or you'll find that your database interaction is the real bottleneck.