jdef,
was able to do it quite easily, however I haven't gotten CIFS to work (I have only 1 windows client that now supports NFS), didn't mess with it too much.
but got the new binkit bootstrapped and running. I didn't use the transporter i just manually copied over the files.
1. create USB stick with new version, booted in VirtualBox
2. copy over settings and relevant files to USB stick on VirtualBox from running host via ssh, then updimg.sh to store changes.
2. boot real hardware with USB (step 1,2). do a final setup (for hostname) and updimg.sh.
that was it. I used to run mysql on eon but I moved it to a different host and just backup the data (mysqldump) to this box over NFS.