[chrishajer]

Yes – to upgrade, just remove the old files, saving any you’ve added or modified (bb-config.php, my-templates and my-plugins, at least) then install the new version. Then, you normally access a URL like http://www.example.com/bbpress/bb-admin/upgrade.php which takes care of the database changes.

Always back everything up first (both filesystem and database) so you can go back if something goes wrong.