Updating HBC to new version?

I have the HBC v1.0.1 (the one with the HAXX ticket). It is possible to update (from inside the HBC) to the new version that has the new ticket, right? Are there any risks in doing so?

Yes it's possible. No, there aren't any risks.

Just run the hackmii installer 0.5 via the homebrew channel as if it were an app. (Or use the online update functionality)

Okay, I just did it, and it worked. Thanks, Arikado! =)