Yes you just download the new setup/installer. It will automatically keep your settings, databases etc. even though it doesn't say that during the install. I noticed a possible bug though. Every time I have installed a new version, there are two visual pinball backglasses added to the backglass folder, and two table movies added to the movie folder. I believe the names were big game and something else. I delete them every time considering a) i don't need them and 2) one of the backglasses is larger than 1280x1024 and that messes with UltraVP.. oh, and e) the install always adds a "PinballFX2" folder in the databases folder. Even though mine is set to "Pinball FX2" (it has a space) the one without a space is always readded.