I posted this over on the VMware forums, but I thought I would copy paste my experience here also

Last week I passed my VCP5 Exam...
Seriously that was pretty tough. I didn't score great but that doesn't bother me due to it being pretty damn hard and a pass is a pass
To anyone studying for the exam, my best advice is to study extremely hard and like everyone says, know everything on the blue print, I honestly think that everything in the blue print was in a question on the exam somewhere.
A lab is a must have, hands on experience in a production environment is even better, I've been lucky enough to be working with vSphere for a while now and that helped in a big way. I think the more experience you have in the real world the higher you are going to score, without a doubt.
What I used to study:
Various blogs around the web, I think I went to all of the major ones and massive props to the guys that have made them!
VMware Certified Professional on vSphere 5 Study Guide - Brian Atkins - I burnt through this book really quickly and I thought it was great.
Mastering VMware vSphere 5 - Scott Lowe - There is a reason this is constantly reccomended, I read it cover to cover and it was well worth it.
VMware's own documentation
Yellow bricks articles.
Best of luck to anyone looking to take the exam