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Pain-free? I don't know about that. Copying preference files from one version to the other isn't supported, but it may work. The workspaces are stored in an XML file in the preferences folder. You could try copying from the preferences folder of one version to the preferences folder of the other version.
Thanks! I'll give it a go. You know, that would be a nice little feature to help transition existing users. It's a .5 upgrade, it's kinda crazy I have to manually move/copy all my scripts, plug-ins and what have you. How many users know to go rooting around in Application Support folder? (Heck, Lion even hides the Library folder from users by default)
I'm gonna put in a feature request!
Plug-ins and scripts are an entirely different matter. You just need to add an alias/shortcut.