I backed up everything in the /mnt/sd_card directory thinking that some dataloss could occur for some reason but purposely left my microSDHC unbacked up thinking that "it won't touch that since it's external" and Samsung's and other manufacturers website even say this (that it won't be affected and not to worry etc).
Apparently I was wrong, my microSD was "undetected" and asked to be formatted after the upgrade (there goes 3-months worth of family photos). No........