But this isn't about PHP code, really — this is about C code (with less-than-ideal exception handler patterns). This problem is more Heartbleed than WP vulnerability.
I quite like modern PHP, I don't really think it's necessarily any less secure (exception handler weirdness notwithstanding), and more to the point, I don't think not using it is any kind of automatic improvement in web app security. It's not like server-side JavaScript is intrinsically better.
I am certainly doing some thinking today; I switched off a couple of web servers so I didn't have to think about them while I was working on other stuff, and actually I think they might not get switched back on. But it's not so much that they are running PHP as that they were kind of neglected and it's always worth reconsidering what you need to keep around.
I think I have reached a point where low value stuff is not worth subsidising just for fun.
(I have also reached the point where in future I won't be using distro packages for PHP)
And with the security fixes only landing on the relatively recent PHP versions, it means vulnerabilities force you into the PHP upgrade churn.