AsteriskNOW 1.7 upgrade from FreePBX to FreePBX 2.10?

I’m running AsteriskNOW 1.7 (Asterisk with FreePBX and would like to migrate to FreePBX 2.10. What’s the best way to go about this upgrade? Is it as simple as upgrading to FreePBX 2.9 and then again to 2.10 via the Module Admin interface?

Is FreePBX 2.10 compatible with AsteriskNOW 1.7 distro? I know Digium has AsteriskNOW 2.0 in Beta which includes FreePBX 2.10 interface, but I have not found any good documentation on how to upgrade, or build a new system from a fresh install and import a backup from a previous version (If that’s even possible?).

I would like to avoid a complete rebuild and re-config of the system. I’m hoping someone else in the community has already taken the leap and can point me in the right direction.