Why do you think it's past its utility then? The arguments are still perfectly sound, so despite a few of its complaints being fixed it still seems worth reading to me.
One can write very similar things about the evils of C, Java, or JavaScript, particularly if you happened to be an asshole. It's mostly value judgments, and consequently it has low informational value. It's an angry rant. CS needs far fewer people who think that it's okay to write vague, angry rants about other people's code. Yes, that is quite a common thing to do, and no, that does not make it okay.
If you must rag on PHP, presumably after some contemplation of the beam in your own eye, then this would be best accomplished by a more neutral and factual presentation, such as phpsadness.com. Spreading an angry, dismissive, fact-light rant is just poo-flinging.
