Hey guys, sorry I missed this post yesterday. In reference to your question, Charles, when you load StrataFrame it should give you the option to install templates for both 2008 and 2010. Not sure if the update process will hit those checks so, worse case, it may require a re-install of the framework once you have 2010 loaded (obviously not reinstalling the SQL data, just hooking up to the existing DB instead.) 

We've done some testing on 2010 to incorporate the support and test the update, but we haven't moved any production machines over to it yet, so I don't have much working knowledge of the IDE or any idiosyncracies. I know that Trent's impression of the new version has been good, barring the usual speed bumps that had to be navigated to get the designer and add-in support for SF funcitonal and reliable. As soon as we start migrating our projects over I'll be sure to check back in with any additional findings and impressions.