Joel points out that you will HAVE to upgrade to Beta2 Technical Refresh (B2TR) if you want to upgrade to the RTM version of SharePoint V3. Make sure you plan and stage your production testing environments and as always back everything up first.
Full link: http://blogs.msdn.com/sharepoint/archive/2006/07/14/665864.aspx
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About Brendon Schwartz
Brendon Schwartz has worked in the Atlanta area User Group scene and is known around town as one of the Atlanta .Net Regular Guys (www.devcow.com). He is currently on the INETA Board of Directors as the Vice President of Technology and is a Microsoft MVP for ASP.NET. Today, Brendon works to solve real world business problems with Microsoft technologies, such as SharePoint, Office, BizTalk, VSTS, and .NET technologies. In addition to presenting at local user groups, he helped create the Free Training 1,2,3! series (www.freetraining123.com) to help developers learn Microsoft technologies. He presented material at the first SharePoint 1,2,3! event (www.sharepoint123.com) along with other members of the Atlanta Microsoft Professionals. Brendon has helped on the leadership teams of five different user groups, and has been interviewed for his community efforts on Pod Casts - including the ASP.NET Pod Cast, .NET Rocks! (Carl Franklin Road Show - Atlanta) and the SharePoint Show Pod Cast. At the first Atlanta Code Camp in 2005, he presented material on ASP.NET mobile controls.