upgrading from potato

[Deva Seetharam <devs@usa.net>]

Hi All,
i am a debian newbie. i recently installed 2.2r4 potato.
i custom built a kernel with some required options.

now, i am thinking of upgrading to woody.

i have a few questions regarding this:
1. do i need to watch out for any pitfalls if i do 
   apt-get dist-upgrade?
   or is there a better method of upgrading?
2. if i do this, would the kernel get overwritten too?
3. are there any risks involved in running woody version?
   (i know it is in testing)

thanks for all your help and have a great new year
deva

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