This is my first PEAR release and I was actually surprised how easy it is to package and roll out a release.
So you have your local copy of the CVS repository that contains the scripts you want to release as part of the package. In order to release, you need package.xml, a configuration file, which you can either create yourself or have a script (which uses PEAR_PackageFileManager) to create the xml file for you.
pear command line tool does all the rest.
pear convert- creates package2.xml based on your package.xml. (package2 is the newer improved version of package2.xml. You can actually use PEAR_PackageFileManager2 instead and skip this step)
pear package- creates the package archive which then you upload to pear.php.net
pear cvstag package2.xml- tags the cvs repository with a tag figured out from the package2. In my case the tag was RELEASE_0_6_0beta
As stated in the change log notes, many thanks go to Christian Weiske and James Pic for helping out with this release!