I've been reading up on this subject for a while. Suddenly the day has come where this solution is a necessity, not just a dream.
Through my reading, I've seen the popular differences being (file based, memcached, shared memory (mm), sql table, and custom).
The original idea we thought of was using a ZFS or AFS mounted on each of the application servers (LAMP boxes), and pointing the session.save_path
php.ini setting to a directory from that mounted path.
I'd like to hear of success stories.