Yes, that was exactly my plan - and thank you for the confirmation =]
As for the upgrade itself:
Do I need to turn off all the BOBj services from the CCM before performing the upgrade?
I'm first taking a full backup of the Dev server (a VMware clone complete copy), and then will complete the work on the Dev system before messing with our Prd BOBj system. So hopefully that's a good enough fallback option.