Up2date package from 7.305 to 7.4xx?

Will there be an Up2Date package to upgrade from 7.305 to 7.4xx when it's out of beta stage?  Or will v7.4 require a new install?  

I just jumped up from v6.3xx to 7.3xx and wasn't sure how the previous updates for v7.x have been handled lately.
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