Well I took the plunge & upgraded from V7.8 to 8.1 last night - only took 4 hours :-p
It seemed to go well, but this morning users are getting the dreaded "Service Unavailable" on the web page.
I did a search for DefaultAppPool & found this post, but it is "no longer available".
thwack.com/.../default.aspx
I opened a ticket with support almost 3 hours ago, but have not heard back from anyone yet.
I'm currently downloading Win2k SP1 in an attempt to stabilize the W3C service which keeps crashing.
You don't know what you got till it's gone!