Anyway, that was the general gist of it. I usually do a clean install, because by the time I'm reinstalling I'm so fed up with how cluttered my system is that I just smash the thing into oblivion (hooray for /home partitions!) I guess it's all just personal preference and common sense whether you should upgrade or install.
Being lazy, I tried the update route and I'm happy to say that all went well. There are a couple of programs that I want to upgrade, but all in all, I'm impressed. This was the smoothest update yet!
Rich