Andrew Tridgell's KnightCap did this differently: it's a network chess server, and it would dump its data to a file and re-exec. The trick here is that it would keep the (network) fds open for zero downtime. IIRC he used a Perl script called datadumper to gen the code marshal/demarshal the structures.

This has the advantage that reboots can be handled fairly seemlessly too (though there will be reconnections then of).