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It's a bit of a leading question, I know, but this question came up in a PHP Users group discussion and I was interested to see if there were any studies done comparing the two (regardless of who "wins").

I can see there are many tangibles to compare in licensing, IDEs, hosting, etc., as well as the intangibles of amount of time spent on tasks and so on.

It is also quite possible that this question has no merit and can't be answered...?

+2  A: 

Your question doesn't really make any sense considering you seem to be asking from the developer's standpoint

But for the heck of it here are some salary stats: http://www.indeed.com/salary?q1=.Net+Developer&l1=&q2=PHP+Developer&l2=

Also to build a PHP server the only costs would be the hardware, while on a windows server there would probably be licensing fees.

Galen
You can do LAMA. (http://www.dotheweb.net/lama/)
Jack
In a large project you would tend to expect the licensing costs (however huge for big server licenses) to be pretty small compared to the costs of people. Your "extortionate" $20k license might be 20% of the cost of _one_ developer's salary.
John