The call works as should. No bugs.
But. In most cases you won't able to work with pipes in blocking mode.
When your output pipe (process' input one, $pipes[0]) is blocking, there is a case, when you and the process are blocked on output.
When your input pipe (process' output one, $pipes[1]) is blocking, there is a case, when you and the process both are blocked on own input.
So you should switch pipes into NONBLOCKING mode (stream_set_blocking).
Then, there is a case, when you're not able to read anything (fread($pipes[1],...) == "") either write (fwrite($pipes[0],...) == 0). In this case, you better check the process is alive (proc_get_status) and if it still is - wait for some time (stream_select). The situation is truly asynchronous, the process may be busy working, processing your data.
Using shell effectively makes not possible to know whether the command is exists - proc_open always returns valid resource. You may even write some data into it (into shell, actually). But eventually it will terminate, so check the process status regularly.
I would advice not using mkfifo-pipes, because filesystem fifo-pipe (mkfifo) blocks open/fopen call (!!!) until somebody opens other side (unix-related behavior). In case the pipe is opened not by shell and the command is crashed or is not exists you will be blocked forever.
