Upgrade Crm 4.0 to 2011

I went through this once upon a time:

http://community.dynamics.com/product/crm/crmtechnical/b/crminogic/archive/2011/01/04/crm-4-to-crm-2011-upgrade.aspx

I recently did an Inplace Upgrade, but that is because of lack of resources, if it wasnt for that, I would go for full crm install then do an upgrade via importing organization db:

Please make sure you login to the server with an account that has access to the crm 4.0 you are attempting to upgrade and:

Sandbox Service runs under an account that has access to CRM - this service imports all your plugins to the new crm 2011