This came up the other day on the
Upgrading an existing VPS? thread - unfortunately, the distribution upgrade process is not automated at this time:
Quote:
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The only reliable solution we can recommend is the one which you described - back up important files, rebuild your VPS with the latest OS template, and restore application and configuration files manually.
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We have plans to improve upon our VPS management system (in particular, on-demand backup restoration and load balancing features) so we can recommend upgrade procedures with minimal downtime - progress on these features will be published at the
VPSLink Blog (and we should have some more to say about them soon).