Well this is most wide spread attack on linux web server where a shared web hosting owner can launch this attack to read the configuration file or any file of other web host owners at same server. When you are using suphp it doent allow users to see what is out side of their directory limit . To overcome that limit, this symlink attack is launched by an attacker to read important files without even actually navigating there.
Sure I will make a brief article about that. I thought people are already aware of this.