Windows Nightmare?

I was reading an article in the WSJ about the new Windows 7 operating system and it sounded pretty good until I came to the upgrading from XP paragraph. If this is true then it is likely I will be on XP for a long time.

XP owners, the biggest body of Windows users [...] have to wipe out their hard disks after backing up their files elsewhere, then install Windows 7, then restore their personal files, then re-install all their programs from the original CDs or downloaded installer files. Then, they have to install all the patches and upgrades to those programs from over the years.

If the article is accurate then the only way many of us using XP will get Windows 7 is with a new PC. Except for making it impossible to upgrade it sounds pretty good.