Zend optimizer + has been made open source and is now a part of the latest release which they now call zend opcode. Please ask yourself a question : Had it been a good product would it not sell? If it was selling well why make it opensource? I dont know what went on behind the scene but I am still clueless why shun apc for zend optimizer. APC at the moment is miles ahead of zend.
APC with 5.3 would do a better job any day. I have an instance of 5.5 running with zend opcode and I have spent weeks doing different things and my conclusion is that its not time yet to move to a newer version of php. If you have the expertise to squeez out what you want from 5.5 then by all means
Dont forget to share the outcome here. I would love to hear.