There are no restrictions on that.  In fact the license on PHP is
explicitly not the GPL for this very purpose.

As for restricting the demo.  I would suggest restricting it via a
license.  Any serious customer is not going to violate a license in order
to save a couple of hundred bucks.

-Rasmus

> My question is: Is it ethical to sell a product ( at a relatively
> low-cost) written in PHP, especially since this group made it
> possible?
>
> If that's ok to do, does anyone have any ideas how I can put a time
> limit on a demo that isn't easily defeated?


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