It's still in incubator after a couple of years. What happened? No unit tests, it looks like. This could be a useful tool for quickly getting set up for Zend Framework development--it'd be nice to see it finished.
http://framework.zend.com/svn/framework/standard/incubator/tools/http_server/<http://framework.zend.com/svn/framework/standard/incubator/tools/http_server/> -Matt