Just posting my setup:
- Centos 6 generic installation + Virtualmin latest + SELinux, looks like it's exploitable if it's plain Centos, or Virtualmin with PHP / Suexec.
 
/var/log/httpd:
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 access_log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 access_log-20120805
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 error_log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 error_log-20120930
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 error_log-20121007
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 error_log-20121014
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 error_log-20121021
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_audit.log
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_audit.log-20120930
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_audit.log-20121007
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_audit.log-20121014
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_audit.log-20121021
-rw-r-----. root root system_u:object_r:httpd_log_t:s0 modsec_debug.log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_access_log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_access_log-20120805
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_access_log-20120812
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_error_log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_error_log-20120930
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_error_log-20121007
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_error_log-20121014
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_error_log-20121021
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_request_log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_request_log-20120805
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 ssl_request_log-20120812
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 suexec.log
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 suexec.log-20120930
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 suexec.log-20121007
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 suexec.log-20121014
-rw-r--r--. root root system_u:object_r:httpd_log_t:s0 suexec.log-20121021
PHP runs on suexec:
unconfined_u:system_r:httpd_suexec_t:s0 502 17648 0.0  4.7 314004 23624 ?      Sl   Oct21   0:07 /usr/bin/php-cgi
Vhost logfiles:
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48  1008958 Oct 24 00:19 blackhatconsulting.co.uk_access_log
-rw-rw----.  1 unconfined_u:object_r:var_log_t:s0 502 48 11592222 Aug  5 03:41 blackhatconsulting.co.uk_access_log-20120805
-rw-rw----.  1 unconfined_u:object_r:var_log_t:s0 502 48  9418101 Aug 12 03:15 blackhatconsulting.co.uk_access_log-20120812
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48   207759 Sep 23 03:21 blackhatconsulting.co.uk_access_log-20120923.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48   176072 Sep 30 03:36 blackhatconsulting.co.uk_access_log-20120930.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48   158753 Oct  7 03:23 blackhatconsulting.co.uk_access_log-20121007.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48   170740 Oct 14 03:49 blackhatconsulting.co.uk_access_log-20121014.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48   199233 Oct 21 03:43 blackhatconsulting.co.uk_access_log-20121021.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48  3972681 Oct 24 00:19 blackhatconsulting.co.uk_error_log
-rw-rw----.  1 unconfined_u:object_r:var_log_t:s0 502 48   715308 Aug  5 03:41 blackhatconsulting.co.uk_error_log-20120805
-rw-rw----.  1 unconfined_u:object_r:var_log_t:s0 502 48 10871995 Aug 12 03:15 blackhatconsulting.co.uk_error_log-20120812
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48    21122 Sep 23 03:21 blackhatconsulting.co.uk_error_log-20120923.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48    18896 Sep 30 03:36 blackhatconsulting.co.uk_error_log-20120930.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48    18423 Oct  7 03:23 blackhatconsulting.co.uk_error_log-20121007.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48    18458 Oct 14 03:49 blackhatconsulting.co.uk_error_log-20121014.gz
-rw-rw----.  1 system_u:object_r:var_log_t:s0   502 48    30181 Oct 21 03:43 blackhatconsulting.co.uk_error_log-20121021.gz
And finally, the PHP process:
lrwx------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 0 -> socket:[331211]
l-wx------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 1 -> /var/log/httpd/error_log
lr-x------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 18 -> pipe:[302590]
l-wx------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 2 -> /var/log/httpd/error_log
l-wx------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 21 -> pipe:[302591]
lrwx------. 1 unconfined_u:system_r:httpd_suexec_t:s0 502 502 64 Oct 24 00:17 4 -> socket:[331227]
And the httpd:
r-x------. 1 root root 64 Oct 24 00:26 0 -> /dev/null
l-wx------. 1 root root 64 Oct 24 00:26 1 -> /dev/null
l-wx------. 1 root root 64 Oct 24 00:26 10 -> pipe:[302583]
l-wx------. 1 root root 64 Oct 24 00:26 11 -> /var/log/virtualmin/blackhatconsulting.co.uk_error_log
l-wx------. 1 root root 64 Oct 24 00:26 12 -> /var/log/httpd/ssl_error_log
l-wx------. 1 root root 64 Oct 24 00:26 13 -> /var/log/httpd/access_log
l-wx------. 1 root root 64 Oct 24 00:26 14 -> /var/log/virtualmin/blackhatconsulting.co.uk_access_log
l-wx------. 1 root root 64 Oct 24 00:26 15 -> /var/log/virtualmin/blackhatconsulting.co.uk_access_log
l-wx------. 1 root root 64 Oct 24 00:26 16 -> /var/log/httpd/ssl_access_log
l-wx------. 1 root root 64 Oct 24 00:26 17 -> /var/log/httpd/ssl_request_log
lr-x------. 1 root root 64 Oct 24 00:26 18 -> pipe:[302590]
l-wx------. 1 root root 64 Oct 24 00:26 19 -> pipe:[302590]
l-wx------. 1 root root 64 Oct 24 00:26 2 -> /var/log/httpd/error_log
lr-x------. 1 root root 64 Oct 24 00:26 20 -> pipe:[302591]
l-wx------. 1 root root 64 Oct 24 00:26 21 -> pipe:[302591]
lr-x------. 1 root root 64 Oct 24 00:26 3 -> /dev/urandom
lrwx------. 1 root root 64 Oct 24 00:26 4 -> socket:[271909]
lrwx------. 1 root root 64 Oct 24 00:26 5 -> socket:[271911]
l-wx------. 1 root root 64 Oct 24 00:26 6 -> /var/log/httpd/modsec_debug.log
l-wx------. 1 root root 64 Oct 24 00:26 7 -> /var/log/httpd/modsec_audit.log
lrwx------. 1 root root 64 Oct 24 00:26 8 -> socket:[271913]
lr-x------. 1 root root 64 Oct 24 00:26 9 -> pipe:[302583]
So without SELinux, using Virtualmin on Centos, it is possible to access logfiles from PHP no issues, as they run on the same uid. However with SELinux it is not possible because it prevents reading anything from /var/log using process invoked from the network. Also mod_security doesnt allow to do it either (to pass PHP code).